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 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 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 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 February Feed Outlook report shows no changes to the 2024-25 U.S. corn supply and demand outlook this month. Corn cash prices are rising in tandem with strong demand for U.S. corn. Consequently, the average 2024-25 corn price is projected 10 cents higher at $4.35 per bushel.

The January Feed Outlook report shows this month’s 2024-25 U.S. coarse grains outlook is for reduced supplies, as a decrease in expected corn output more than offsets gains in sorghum production. A slight bump to Sept. 1 corn stocks does little to offset the cut to production – stemming from slashed yields.

The December Feed Outlook report shows the 2024-25 U.S. corn ending stocks are reduced on greater use. The 2024-25 U.S. coarse grains supply forecast remains relatively unchanged this month at 447.5 million tons.

The November Feed Outlook report shows 2024-25 U.S. coarse grains supplies are reduced on lower corn yields. The 2024-25 U.S. coarse grain supply forecast is lower this month, as a slight decrease in corn yields offsets gains in sorghum supplies realized through elevated yields.

The October Feed Outlook report shows this month’s 2024-25 U.S. coarse grains outlook is for reduced supplies, despite an increase in output. Although sorghum supplies are raised on higher production and beginning stocks, lower corn carry-in for 2024-25 more than offsets these gains – including a corn production bump.