USDA lowers U.S. corn production forecast, raises soybean outlook

The U.S. Department of Agriculture lowered its 2026-2027 United States corn production forecast and raised its soybean production outlook in its latest monthly World Agricultural Supply and Demand Estimates report. Forecasts for wheat, rice, cotton and sugar also showed changes in production, use, trade and ending stocks. The report was released Nov. 10. The U.S. corn production forecast declined 141 million bushels from last month to 15.9 billion bushels. The projected yield decreased 1.6 bushels per acre to 179.6 bushels per acre, while harvested area remained unchanged at 88.5 million acres. With a smaller crop, USDA reduced projected feed and residual use by 25 million bushels to 6 billion bushels. Exports also declined 25 million bushels to 3.3 billion bushels, reflecting sales and shipments to date. Corn ending stocks are projected at 1.8 billion bushels. The season-average farm price forecast decreased 10 cents per bushel to $4.60. In contrast, U.S.

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