USDA lifts outlook for 2026/27 U.S. corn production
USDA raised projected 2026/27 U.S. corn production to 16.03 billion bushels, its second-highest level ever, despite excessive rainfall last month.
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04:52:09 PM UTC
SquawkNews
1251 ET - The USDA lifted its outlook for U.S. corn production in the 2026/27 marketing year, counter to what analysts were anticipating. The USDA now forecasts the corn output at 16.03 billion bushels an acre, with a yield of 181.2 bushels an acre. Analysts surveyed by WSJ had forecast the WASDE to show corn yield to decline to 177.6 bushels an acre, with production falling 84 million bushels from the prior month to 15.72 billion bushels. "Shocking corn report with spillover selling hitting the wheat and beans so far," says Doug Bergman of RCM Alternatives in a note after the report's release. Corn is now down 5.7%, while soybeans are down 1.1% and wheat falls 3%. (kirk.maltais@wsj.com) (END) Dow Jones Newswires October 09, 2026 12:51 ET (16:51 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.
The Agriculture Department raised its outlook for the size of this year's corn crop, even as excessive rainfall hit crop-growing areas last month. 03 billion bushels, which would be the second-highest level ever for the 2026/27 marketing year.