The latest USDA report was bearish for corn, soybeans, and wheat, driven by higher production and rising ending stocks. Increased yields and harvested acres pressured corn prices, while higher soybean acres and weaker export demand lifted both U.S. and global stocks. Wheat markets also faced pressure as larger supplies and higher global production outweighed expectations for tighter inventories. With ongoing market uncertainty, having a clear grain marketing plan is critical, and producers are encouraged to reach out to their grain marketing specialist for guidance.

"> The latest USDA report was bearish for corn, soybeans, and wheat, driven by higher production and rising ending stocks. Increased yields and harvested acres pressured corn prices, while higher soybean acres and weaker export demand lifted both U.S. and global stocks. Wheat markets also faced pressure as larger supplies and higher global production outweighed expectations for tighter inventories. With ongoing market uncertainty, having a clear grain marketing plan is critical, and producers are encouraged to reach out to their grain marketing specialist for guidance.

"> January Crop Report - Producer Ag
News > Producer Ag News > January Crop Report

January Crop Report

Jan 28, 2026

Corn Market Update 

The latest USDA report surprised the corn market by raising U.S. production and yield estimates, with harvested acres reaching their highest levels in years. While feed demand increased, food and industrial use declined slightly, and exports and ethanol demand stayed the same. These changes pushed U.S. and global ending stocks much higher, resulting in a notably bearish outlook for corn prices. 

Soybean Market Update  

The USDA’s latest report has led to a bearish outlook for soybeans, with U.S. ending stocks rising from 290 to 350 million bushels due to more harvested acres. Demand fell by 43 million bushels, mainly because of lower export projections, despite a slight increase in domestic crush. Brazil’s production forecast was increased to 178 MMTs, while Argentina’s stayed at 53 MMTs. Global ending stocks rose to 124.41 MMTs, exceeding trade expectations and adding to the bearish sentiment. 

Wheat Market Update  

Bullish wheat traders are disappointed as U.S. ending stocks rise, defying expectations for a decrease. The USDA report lowers feed and seed demand but leaves exports unchanged. Higher-than-expected winter wheat acreage suggests more supply, while global ending stocks also climb due to increased production in Russia and Argentina, adding to bearish market sentiment. 

Uncertainty in Market Reports 

As we conclude, it is important to recognize that the outcomes of these reports are often unpredictable. Market trends may shift in unexpected directions, which can make navigating these changes especially challenging. 

The Importance of Having a Plan 

Given the current level of market volatility, establishing and following a well-considered plan is more crucial than ever. A solid strategy can help manage risks and take advantage of potential opportunities as they arise. 

Contact Your Grain Marketing Specialist 

If you have questions or need guidance, please reach out to your grain marketing specialist for assistance. They can provide valuable support and help you make informed decisions in uncertain market conditions. 

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