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.
China’s crusher losses and Brazil tensions, Gale warns, could reopen critical soybean trade channels for U.S. producers.
November 03, 2025 11:13 AM
·
Persistently low Mississippi River levels are turning logistics challenges into pricing risks — tightening margins for grain producers and exporters across the heartland.
November 03, 2025 10:20 AM
·
A rescheduled WASDE, China’s soybean squeeze, barge bottlenecks, and premium beef demand all collide this week — with cash decisions, basis, and risk plans on the line.
November 03, 2025 09:23 AM
·
China’s grain expansion model may be hitting its limit. Lower prices, high rents, and policy fatigue threaten future output — with ripple effects across global feed and oilseed markets.
November 02, 2025 05:06 AM
·
High milk production and soft retail demand are squeezing prices and margins — making careful feed and risk management essential through year-end.
November 01, 2025 06:54 AM
·
U.S. Rep. Dusty Johnson (R-SD) shares his outlook on the developing U.S.-China Trade agreement, and the ongoing impact of the federal government shutdown—now stretching past four weeks—on rural communities and producers.
October 31, 2025 01:35 PM
·
Market analyst and friend of the show, Shawn Hackett, says Brazil’s shifting use of crops for biofuel production is a significant factor.
October 31, 2025 01:17 PM
·
Caleb Ragland, president of the American Soybean Association (ASA), shares his reaction to news of soybean sales to China, which is considered both “welcome news” and a return to near-normal trade relations.
October 31, 2025 12:26 PM
·
Rabobank’s outlook signals a tightening margin environment, emphasizing the need for cost control, trade stability, and clearer policy signals heading into 2026.
October 31, 2025 11:44 AM
·
