WASHINGTON, D.C. (RFD NEWS) — The latest World Agricultural Supply and Demand Estimate (WASDE) report from the U.S. Department of Agriculture (USDA) for February (PDF Version) left much of the 2025/26 outlook unchanged but delivered notable adjustments for corn, wheat, and cotton that continue to shape price expectations.
U.S. soybean supply and use forecasts were held steady, with the season-average farm price unchanged at $10.20 per bushel. Soybean meal and oil prices were also unchanged, while global soybean ending stocks increased on larger crops in Brazil and Paraguay.
The USDA also noted China may be considering additional U.S. soybean purchases, which would likely shift export destinations rather than expand global trade.
Corn was the most supportive revision. USDA raised U.S. corn exports by 100 million bushels to 3.3 billion, citing strong sales and inspections, and cut ending stocks to 2.1 billion bushels. The season-average corn price remained at $4.10 per bushel.
U.S. wheat ending stocks increased to 931 million bushels on lower food use, keeping prices at $4.90 per bushel.
Cotton saw slightly weaker demand, with exports trimmed and the projected farm price lowered to 60 cents per pound.
Farm-Level Takeaway: Strong corn exports offer support, while soybeans and wheat remain weighed down by ample global supplies.
Tony St. James, RFD NEWS Markets Specialist
Watch highlights and reactions to the February WASDE Report from today’s Market Day Report:
Income support helps, but farm finances remain tight heading into 2026.
February 09, 2026 03:04 PM
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Federal assistance has helped, but the most recent row-crop losses remain on producers’ balance sheets.
February 09, 2026 01:07 PM
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OODIA’s Lewie Pugh discusses the EPA’s new Right to Repair guidance and other regulatory developments impacting the trucking and agriculture industries.
February 09, 2026 12:47 PM
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Rebuilding domestic textiles depends on automation and vertical integration, not tariffs or legacy manufacturing models.
February 09, 2026 12:05 PM
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The EPA has approved over-the-top dicamba applications for the 2026 and 2027 growing seasons, outlining new rules that impact herbicide use for U.S. crop producers.
February 09, 2026 11:32 AM
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Strong supplies and rising stocks point to continued price pressure unless demand accelerates.
February 09, 2026 10:45 AM
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Seasonal price patterns can inform soybean marketing timing, particularly when harvest prices appear unusually strong or weak.
February 09, 2026 10:30 AM
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Low prices are painful now, but production response could support stronger milk markets later in 2026.
February 09, 2026 10:25 AM
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At CattleCon 2026 in Nashville, RealAg Radio’s Shaun Haney discusses profitability, consumer demand, and how the integrated U.S.–Canada beef supply chain impacts cattle producers across North America.
February 06, 2026 04:59 PM
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