USDA Cuts Corn Yields and Exports Amid Global Supply Chain Concerns
The USDA has released its September crop production and World Agricultural Supply and Demand Estimates (WASDE) reports, providing updated figures for corn, soybeans, and wheat production in the US and globally.
Corn yields have been lowered to 178.5 bushels per acre, resulting in a total crop production of 15.8 billion bushels, down from 16.013 billion bushels in August. Planted acres for the 2026-27 corn crop were raised slightly to 96.8 million acres, while harvested acres were 88.5 million, down 100,000 acres from August.
On the demand side, total feed and residual use for the 2026-27 crop was lowered to 5.95 billion bushels, down from 6.1 billion in August. Ethanol use is projected at 5.6 billion bushels. Total domestic use is forecast at 12.905 billion bushels, down from 13.055 billion last month.
The farmgate price for the 2026-27 crop is projected at $4.80 a bushel, a 30-cent increase from August.