USDA Quarterly Stocks Report Has Surprises

A DTN/Progressive Farmer article

The final quarterly stocks for the 2025-26 corn crop came in above analysts' expectations at 2.1 billion bushels, while soybean quarterly stocks came in at 315 million bushels, which was within the pre-report range.

USDA released its quarterly Grains Stocks and Small Grains Summary reports on Wednesday.

Wednesday's U.S. Sept. 1 stocks estimates were bearish for corn, neutral to bullish for soybeans and neutral for wheat, according to DTN Lead Analyst Rhett Montgomery. USDA wheat production estimate was neutral for wheat markets, he said.

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