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USDA's August 2026 Feed Outlook projects U.S. feed grain ending stocks at 44.4 million metric tons for 2026/27, down 7.9 million from 2025/26. Sorghum production fell 22 percent on Plains drought and heat, and stronger export demand is tightening supplies.
Corn and sorghum prices were cited at $4.50 and $4.30 per bushel.
Tighter U.S. feed grain ending stocks and lower supply-to-use ratios support corn and sorghum prices, which raises feed costs for buyers. Lower sorghum output also narrows the substitution cushion against corn.
feedandgrain.comFeed, Grain StaffAug 17, 2026After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
