Market Update for Corn, Soybeans, Rice, and Cotton: September 2025
By Michael Deliberto, Ph.D.
LSU AgCenter
This month’s 2025/26 U.S. corn outlook indicates greater supplies, larger exports, and a slight reduction in ending stocks. Projected beginning stocks for 2025/26 are 20 million bushels higher based on a lower use forecast for 2024/25, with reductions in imports and corn used for ethanol partially offset by an increase in exports. Corn production for 2025/26 is forecast at 16.8 billion bushels, up 72 million from last month as a 2.1-bushel reduction in yield to 186.7 bushels per acre is more than offset by a 1.3 million acre increase in harvested area to 90.0 million acres.