Market Update for Corn, Soybeans, Rice, and Cotton: July 2026
This month’s 2026/27 U.S. corn outlook is for smaller supplies, greater exports, and reduced ending stocks. Corn beginning stocks are cut 125 million bushels to 2.0 billion, reflecting an increase in feed and residual use that is partly offset by a reduction in corn used for ethanol for 2025/26. Feed and residual use is raised 150 million bushels based on indicated disappearance in the June 30 Grain Stocks report.