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Corn and Other Feed Grains - Market Outlook

See the latest Corn and Other Feed Grains Outlook report.

U.S. Corn Production Is Set to Top 17.0 Billion Bushels for 2025/26

In this month’s USDA, National Agricultural Statistics Service Crop Production 2025 Summary report, estimates of the 2025/26 corn crop were elevated to 17.0 billion bushels. Corn production was already a record-high prior to the update, subsequently the U.S. corn harvest was augmented by gains in harvested areaup 1.2 million acres and 1.3 percent from the prior forecast to 91.3 million. Area harvested for corn in 2025 is the highest since 1933. Corn yields were also lifted, up 0.5 bushels per acre to a record-high 186.5 bushels, continuing the third consecutive year of yield gains. Record-high corn production is reported for leading corn-producing States, Iowa, Illinois, Nebraska, Minnesota, and South Dakota. U.S. corn supplies are raised 288 million bushels both on production gains and larger carry-in after adjustments to 2024/25 ending stocks. Accounting for utilization updates, corn ending stocks for the 2025/26 marketing year are raised nearly 200 million bushels to more than 2.2 billion bushels, the highest since 2018/19.