U.S. farmers are expected to harvest a record corn crop in the 2025-26 cycle, but global corn ending stocks are predicted to hit a 12-year low due to robust demand. The U.S. Department of Agriculture (USDA) estimates global corn ending stocks at 277.8 million metric tons, a 3% decrease from the year before and a 16% decrease from the 2023-24 season. The low stocks-to-use ratio of 18.9% indicates tight supplies, especially with China reducing global corn stocks instead of increasing them as usual. The success of the U.S. crop and the potential increase in corn acres planted could significantly impact the carryout numbers. The coming months will be critical for farmers as any summer weather issues could exacerbate supply concerns.