Market Update for Corn, Soybeans, Rice, and Cotton: July 2025
By Michael Deliberto, Ph.D.
LSU AgCenter
This month’s 2025/26 U.S. corn outlook calls for smaller supplies, domestic use, and ending stocks. USDA cut corn beginning stocks by 25 million bushels to 1.3 billion, reflecting an increase in exports that is partly offset by lower feed and residual use for 2024/25. Feed and residual use is down 75 million based on indicated disappearance in the June 30th Grain Stocks report. Exports are raised 100 million bushels to 2.8 billion based on current outstanding sales and shipments to date and, if realized, would be record high.