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The USDA's initial 2025/26 outlook, presented at the Outlook Forum, projects rising corn and soybean supplies and expects lower average farm prices. Corn planted area is forecast at 94 million acres, up from 90.6 million, and soybeans at 84 million acres, down from 87.1 million.
Expanded corn acreage and higher supplies point to bearish price pressure, with feed use expected to rise as exports fall to South American competition.
producer.comSean PrattFeb 28, 2025After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
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.
