The February World Agricultural Supply and Demand Estimates report (WASDE) showed this month’s 2025-26 U.S. corn outlook is for greater exports and lower ending stocks. Exports are raised 100 million bushels to 3.3 billion, reflecting sales and shipments to date.

The February Feed Outlook report shows this month’s global coarse grains trade forecasts for both the 2024-25 and 2025-26 trade year are made on the observed pace of shipments and supply adjustments. The forecast for global sorghum trade is unchanged from last month.

Based on preliminary slaughter data for the month of December, the forecast for fourth-quarter 2025 beef production is raised 50 million pounds from last month. The change reflects a marginal increase in fed cattle and cow slaughter that more than offsets a decline in bull slaughter from last month’s forecast.

In a move to safeguard U.S. livestock and ranching operations from the screwworm threat, the U.S. Department of Agriculture (USDA) on Jan. 21, 2026, announced the launch of the New World Screwworm Grand Challenge, a major funding initiative designed to accelerate innovative tools, technologies and strategies to combat the northward spread of New World screwworm (NWS).

The January Feed Outlook report shows estimates of the 2025-26 corn crop were elevated to 17 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 area – up 1.2 million acres and 1.3% from the prior forecast to 91.3 million.

Beef exports data for September took another downturn in September 2025, according to data released by the USDA. As expected, beef exports took another hit in September, with total beef exports dropping to the lowest level in five years.

The January World Agricultural Supply and Demand Estimates report (WASDE) showed this month’s 2025-26 U.S. corn outlook is for larger production; higher feed and residual use; reduced food, seed and industrial use; and greater ending stocks. Corn production is estimated at 17 billion bushels, up 269 million on a 0.5-bushel increase in yield to 186.5 bushels per acre and a 1.3-million acre rise in harvested area.

The December World Agricultural Supply and Demand Estimates report (WASDE) showed this month’s 2025-26 U.S. corn outlook is for greater exports and lower ending stocks. Exports are raised 125 million bushels to 3.2 billion, reflecting shipments to date.

The November World Agricultural Supply and Demand Estimates report (WASDE) showed this month’s 2025-26 U.S. corn outlook is for increases in supply, exports and ending stocks. Total supply is 144 million bushels higher as larger beginning stocks are partially offset by lower production.