(NAFB.com) – The December World Agricultural Supply and Demand Estimates Report shows this month’s 2025-2026 U.S. corn outlook is for greater exports and lower ending stocks. Exports are raised 125 million bushels to 3.2 billion, reflecting shipments to date. With no supply changes and use rising, ending stocks dropped 125 million bushels to two billion. The season-average corn price is unchanged at $4 a bushel. Total U.S. oilseed production for 2025-2026 is forecast at 125.8 million tons, up slightly due to an increase in cottonseed. U.S. soybean supply, use, and price projections are unchanged. All of the supply and use categories for wheat are unchanged this month. However, there are offsetting by-class revisions for feed and residual use and exports. The season-average farm price remains at $5 a bushel.
