WASHINGTON, D.C. (RFD NEWS) — The U.S. Department of Agriculture’s January World Agricultural Supply and Demand Estimate (WASDE) report (Web, PDF Version) projects significantly larger supplies for several key crops in the 2025-26 marketing year, driven by strong production estimates and slower demand growth.
The USDA raised its forecast for U.S. corn production to 17.0 billion bushels, a record total supported by higher yields and increased harvested acreage. With total use rising less than supply, ending stocks climbed to 2.227 billion bushels, above most market expectations.
Soybean output was also adjusted upward slightly, lifting U.S. ending stocks to about 350 million bushels as exports were trimmed.
Market reaction was bearish for corn and soybeans, with analysts noting that abundant supplies amid tepid demand could keep price pressure on agricultural commodities.
For wheat, modest increases in supply and reduced domestic use pushed ending stocks higher as well.
The report’s outlook for rice showed lower U.S. supplies and reduced ending stocks, while global estimates pointed to larger total world inventories of several grains and oilseeds.
USDA and EPA officials aim to maintain America’s robust food supply while ensuring farmers have access to key resources and crop protection tools.
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The total value of the U.S. potato crop was $4.60 billion in 2024, representing an 8% decrease from the previous year.
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Crop-specific shifts and strong prices highlight the variability of this year’s fruit and tree nut harvest, according to USDA data.
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The decline in production marks the second consecutive year of contraction in the U.S. turkey industry.
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The USDA noted that peanut edible utilization season-to-date is down 3% on the year, despite overall stocks increasing.
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“Those could’ve easily been our beans going over there. It goes to show that if that opportunity is there, China would be willing to buy.”
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A booming butterfat market is good for some dairy products but threatens efficiency and margins for cheesemakers unless protein levels catch up
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Land values are increasing faster than farm income, making it more challenging for young and beginning farmers to expand, but supporting equity for current landowners.
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