The June Feed Outlook report shows corn ending stocks for 2024-25 are lowered as export outlook strengthens. Ahead of the end of June USDA National Agricultural Statistics Service Grain Stocks report and Acreage reports, limited changes to the 2024-25 and 2025-26 balance sheets are described in the mid-June World Agricultural Supply and Demand Estimates (WASDE) report.

The June World Agricultural Supply and Demand Estimates report (WASDE) showed the 2025-26 U.S. corn outlook is little changed from last month, with lower beginning and ending stocks. Corn area and yield forecasts are unchanged. The USDA will release its Acreage report on June 30, which will provide survey-based indications of planted and harvested area.

The May Feed Outlook report shows record-high 2025-26 U.S. corn supplies support elevated corn exports. U.S. old and new corn crop export forecasts are both raised this month on increased price competitiveness and the slower-than-expected pace of shipments from Argentina and Brazil.

The May World Agricultural Supply and Demand Estimates report (WASDE) showed the 2025-26 U.S. corn outlook is for record supplies and total use, and higher ending stocks. The corn crop is projected at 15.8 billion bushels, up 6% from a year ago on increases to both area and yield.

The April Feed Outlook report shows the U.S. corn exports boost 2024-25 global coarse grains trade prospects. U.S. 2024-25 corn ending stocks are expected to be 75 million bushels lower this month at 1.465 billion bushels. The lower ending stocks follow an increase in exports partially offset by a decrease in feed and residual use, based on second-quarter disappearance.

The April World Agricultural Supply and Demand Estimates report (WASDE) showed this month’s 2024-25 U.S. corn outlook is for greater exports, reduced feed and residual use, and smaller ending stocks. Feed and residual use is cut 25 million bushels to 5.8 billion based on disappearance during the December-February quarter as indicated in the March 31 Grain Stocks report.

The March Feed Outlook report shows global coarse grains production prospects are raised for 2024-25. This month’s 2024-25 U.S. coarse grains outlook is for a slight reduction in supplies, with greater declines in use – ultimately, lifting ending stocks by nearly 0.5 million tons.

The March World Agricultural Supply and Demand Estimates report (WASDE) showed this month’s 2024-25 U.S. corn outlook is unchanged relative to last month. The season-average corn price received by producers is unchanged at $4.35 per bushel.