By Michael Diliberto, Ph.D.
L:SU AgCenter
This month’s 2025/26 U.S. corn outlook is for sharply higher supplies, greater domestic use and exports, and larger ending stocks. Projected beginning stocks for 2025/26 are 35 million bushels lower based on a slightly higher use forecast for 2024/25. For 2024/25, larger corn exports are partly offset by reductions in corn used for ethanol and glucose and dextrose. Corn production for 2025/26 is forecast at a record 16.7 billion bushels, up 1.0 billion from last month with a 1.9-million acre increase in harvested area and higher yield. If realized, this total would be 1.4 billion bushels more than the prior record set in 2023/24.