USDA Lowers Corn Production Forecast Amid Higher Soybean Prices

The US Department of Agriculture has released its September World Agricultural Supply and Demand Estimates report, which lowered the corn production forecast for the 2026-27 crop year. According to the report, US corn production is now projected at 15.8 billion bushels, down 213 million bushels from August's estimate. This reduction reflects a 2.2-bushel-per-acre decline in the projected yield to 178.5 bushels per acre and a fractional decrease in harvested area to 88.5 million acres.

The season-average corn price received by producers was raised 30 cents per bushel to $4.80. Corn exports remain projected at 3.3 billion bushels despite the lower production forecast. Ending stocks are projected at 1.6 billion bushels, down 86 million from August.