This month’s 2026/27 U.S. corn outlook is for smaller production, domestic use, exports, and ending stocks. Corn production is forecast at 15.9 billion bushels, down 141 million from last month with a 1.6- bushel reduction in yield to 179.6 bushels per acre. Harvested area for grain remains at 88.5 million acres. With a smaller crop, feed and residual use is lowered 25 million bushels to 6.0 billion. Exports are also lowered this month, down 25 million bushels to 3.3 billion reflecting shipments and sales to date. Corn ending stocks are reduced to 1.8 billion bushels. The season-average corn price received by producers is lowered $0.10 per bushel to $4.60.
