USDA Makes Friendly Cut to Corn Stocks in WASDE, as Weather Threats Loom
- ZISK APP
- Jul 13
- 1 min read
The U.S. Department of Agriculture surprised grain markets Friday with significant cuts to corn supplies, setting up a potentially volatile second half of the growing season. Grain futures saw a strong positive reaction following the report with December corn futures topping $4.60, November soybeans climbing above $11.90 and wheat rallying more than $.20 during the day’s trade.
Global corn ending stocks dropped to 275.3 million metric tons in USDA’s July World Agricultural Supply and Demand Estimates, nearly 24 million metric tons below last year. The agency also trimmed U.S. corn carryout and tightened supplies for soybeans and wheat.
The report’s message is clear: There’s little cushion left if weather cuts yields.
By Michelle Rook
July 10, 2026 01:31 PM
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