USDA Cuts U.S. Corn Production Forecast in November Report

The U.S. Department of Agriculture released its November World Agricultural Supply and Demand Estimates (WASDE) on November 10, 2026, lowering its outlook for U.S. corn production. The department reduced its projected 2026/27 corn yield from 181.2 to 179.6 bushels per acre (11.37 to 11.27 metric tonnes per hectare). Total corn production is now projected at 15.893 billion bushels (403.7 million metric tonnes), compared with 16.034 billion bushels (407.3 million metric tonnes) in October.

USDA also lowered projected corn ending stocks to 1.758 billion bushels (44.66 million metric tonnes). Meanwhile, projected soybean production increased to 4.574 billion bushels (124.48 million metric tonnes), although soybean ending stocks declined in the latest forecast. These revisions provide updated supply estimates for grain farmers, livestock feed buyers, ethanol producers and agricultural commodity markets. The figures represent USDA estimates and remain subject to future revisions.