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.
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Waiting could risk leaving next year’s crop unprotected.
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Michigan corn farmer and NCGA Vice President-Elect Matt Frostic will lead the task force. He joined us on Thursday to share his insights on the escalating corn crisis.
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U.S. soybean farmers are growing increasingly frustrated by Argentina’s gains in Chinese grain contracts and Trump’s pledge of economic support for the South American ally.
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