Corn Supplies to Hit 13-Year Low Amid Worsening U.S. Crop Prospects

Global corn stocks are projected to hit a 13-year low in the 2026/27 season, tightening supplies and supporting prices. According to UkrAgroConsult, global ending stocks are expected at 274.7 million tons, down from last year's level.

The decline is largely due to worsening U.S. crop prospects, with USDA estimates putting average yields at 180.7 bushels per acre, down 5.8 bushels from last season. This would result in a smaller-than-expected crop of around 16 billion bushels, nearly 1 billion bushels below last year's level.

ProFarmer's estimate is even lower, at 172.3 bushels per acre, with production projected at 15.34 billion bushels. If realized, this would make the 2026 U.S. corn crop the smallest in three years.