News

Corn stocks up on year as other major crop supplies shrink

U.S. corn stocks swelled over the past year.

The USDA says the domestic supply of corn on September 1^st was 2.095 billion bushels, above expectations and an increase of 35% on the year, even as implied fourth quarter usage topped year ago levels. On farm stocks were 787.3 million bushels, with off farm supplies at 1.308 billion bushels.

Soybeans were pegged at 315.133 million bushels, a cut of 3% and below pre-report projections, helped out by good fourth quarter demand. On farm stocks accounted for 90.4 million bushels, while off farm stocks were 224.733 million bushels.

Those effectively serve as the first official look at carryout from the 2025/26 marketing year that ended August 31^st, but more changes are likely.

The USDA also made modest adjustments to 2025 corn and soybean production totals. Last year’s corn crop was revised to 16.934 billion bushels with an average yield of 186.5 bushels per acre on planted area of 98.713 million acres and harvested area of 90.948 million acres. A year ago, soybean production was 4.261 billion bushels with an average yield of 53 bushels per acre on planted area of 81.215 million acres and harvested area of 80.417 million acres.

Wheat stocks of 1.846 billion bushels were 14% smaller than last year due to declining production. On farm stocks made up 546.5 million bushels and off farm stocks were 1.299 billion bushels.

Sorghum stocks were 34.952 million bushels, down 13%, thanks to lower production and good demand. On farm stocks were 3.615 million bushels with off farm at 31.337 million bushels.

The USDA’s updated supply, demand, and production numbers are out October 9^th.