NASHVILLE, Tenn. (RFD-TV) — The U.S. Department of Agriculture (USDA) September 1 Grain Stocks report leaned bearish for corn and wheat, while soybeans landed close to expectations.
Old-crop corn stocks were reported at 1.532 billion bushels, well above the average trade estimate of 1.337 billion (range 1.26–1.45). The larger-than-expected figure suggests that feed and export use was softer than anticipated, resulting in more grain being stored as the new harvest advances.
Soybean stocks came in at 316 million bushels, only slightly under the average trade guess of 323 million (range 295–360). The figure was largely neutral, showing modestly stronger disappearance during the summer but staying within pre-report expectations.
All wheat stocks totaled 2.12 billion bushels, topping the average trade estimate of 2.043 billion (range 1.954–2.135). Larger-than-expected inventories reflect both strong production and slower early-season demand, adding pressure to an already heavy global wheat outlook.
Market analysts said the bearish surprises in corn and wheat could weigh on futures, while soybeans offered little fresh direction.
Farm-Level Takeaway: Bigger-than-expected corn and wheat stocks are bearish for prices, while soybean figures were neutral. Farmers may face additional price pressure as harvest accelerates.
Even small declines in the calf crop translate into sustained supply pressure, supporting cattle prices over multiple years.
February 03, 2026 12:22 PM
·
Economists are also closely watching how policy decisions in Washington could influence markets moving forward. Analysts say deferred futures for corn, soybeans, and wheat suggest markets are operating near break-even levels, not at prices that would encourage expanded production.
February 02, 2026 12:13 PM
·
Winter Weather And Markets Reshape Agriculture Nationwide This Week
February 02, 2026 12:04 PM
·
Shrinking sheep numbers contrast with gradual goat expansion, signaling tighter lamb supplies but steadier growth potential for meat goats.
February 02, 2026 10:29 AM
·
Traders say that shift could eventually prompt the USDA to scale back soybean export projections, noting the outlook differs greatly for other grain commodities.
January 30, 2026 01:13 PM
·
The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.
January 30, 2026 12:51 PM
·
Record milk output looks strong today, but shrinking replacement numbers mean future supply adjustments could be faster and more volatile.
January 30, 2026 11:44 AM
·
Often overlooked, cotton wholesalers act as stabilizers during market stress, translating fragmented retail demand into workable production programs for mills and manufacturers.
January 30, 2026 08:00 AM
·
Strong blending demand continues to support ethanol use even as production and exports fluctuate.
January 30, 2026 07:00 AM
·
