USDA Boosts Corn and Soybean Production Forecasts Amid Increased Exports
The United States Department of Agriculture (USDA) has raised its forecast for corn and soybean production in the country. For the 2026-27 crop year, corn exports are projected to increase by 75 million bushels to 3.275 billion bushels, while total usage is expected to be 16.33 billion bushels. Ending stocks for the same period are estimated at 1.653 billion bushels, down from 1.79 billion bushels last month.
The farmgate price for corn in the 2026-27 crop year is projected to be $4.50 per bushel, up 10 cents from last month's estimate. For the old-crop 2025-26 marketing year, ending stocks were lowered due to an increase in exports, which reached a record 3.4 billion bushels.
The USDA also increased its forecast for soybean production in the 2026-27 crop year, estimating that farmers will grow 4.519 billion bushels of soybeans using a trendline yield estimate of 52.7 bushels per acre and planted acres at 86.8 million acres.