USDA lowered its corn production forecast while slightly increasing its soybean estimate in its September Crop Production and World Agricultural Supply and Demand Estimates reports released Friday. USDA projected the national corn yield at 178.5 bushels per acre, down 2.2 bushels from its August forecast. Production is now estimated at 15.8 billion bushels, down 213 million bushels from last month. Projected 2026-27 corn ending stocks fell to 1.567 billion bushels, while the average farm price increased 30 cents to $4.80 per bushel. Soybean production was raised to a record 4.535 billion bushels, with the national yield increasing slightly to 52.8 bushels per acre. Soybean ending stocks were reduced to 310 million bushels, while the projected farm price climbed 60 cents to $12 per bushel. USDA left U.S. wheat production unchanged at 1.531 billion bushels.
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