With nearly every analyst and pundit expecting corn yield and production
to both take a hit due to southern rust disease and a dry finish to the crop in
2025, USDA shocked them all in Monday's January USDA Crop Production and
December Grain Stocks reports, with not only a record yield and production but
also a record supply of corn on hand in December. While corn and soybeans had
their individual reasons for weakness, they plunged on the coattails of the
demoralized corn market.
BUSDA Reports Review
In a wide-ranging speech on Monday, Agriculture Secretary Brooke Rollins
called for E15 legislation and touched on some challenges facing farmers. But
she also pointed to several major policy wins for farmers under the Trump
administration.
BAg Secretary Champions Ag Policy Wins
Speaking before Farm Bureau members, leaders of the House and Senate
Agriculture Committees said their priorities next year center on strengthening
risk management tools, expanding credit and loan programs, fixing the H-2A
guestworker system, and restoring stability in export and domestic markets.
BFarm Policy Outlook for 2026
USDA released its Crop Production Annual Summary, World Agricultural
Supply and Demand Estimates (WASDE), quarterly Grain Stocks and Winter Wheat
and Canola Seedings reports on Monday.
BUSDA Reports Summary
There are plenty of bullish factors to point to in the marketplace. Even
so, the market seems a tick stagnant as traders are waiting for undeniable
fundamental support to surface.
BSort and Cull
