Farmers are again heading into harvest with big grain crops and limited space to put them. Strong production and large carryover stocks have already weighed on prices, and another record crop is set to add to the pile.
Slowing export demand and high transportation and storage costs compound the challenge, leaving little room for relief in the months ahead.
The latest USDA September Grain Stocks and September World Agricultural Supply and Demand Estimates (WASDE) reports highlight how abundant production and trade uncertainty are likely to disrupt markets and prolong pressure on farm profitability into 2026.
The September WASDE report reinforces that farmers are entering another year of strong supply and limited price strength.
USDA projects corn production for 2025/26 at a record 16.8 billion bushels, supported by slightly higher harvested acreage that offsets a modest drop in yield.
This would far exceed last year’s 14.
Author’s summary: Tight grain storage expected.