USDA revises global crop and reduces corn supply

The new supply and demand report from the United States Department of Agriculture for December points to important changes in the corn market for the 2025/26 crop year. According to data compiled by TF Agroeconômica, the USDA revised upwards the U.S. exports and reduced the final stocks, reflecting higher international demand in the initial quarter of the cycle. In the United States, exports were raised to 3.2 billion bushels, driven by strong shipments throughout November, which are expected to exceed 20.32 million tons between September and November, surpassing the 2007 record. With higher consumption and no changes on the supply side, the final stocks fell by 3.17 million tons to 50.84 million, while the average price received by producers remains stable at $4.00 per bushel. In the global scenario, the total production of coarse grains declined slightly to 1.576 billion tons. The corn supply was reduced in Ukraine, Canada, Nigeria, Indonesia, and Senegal, offset by increases in ...