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flag U.S. corn exports hit a record high in early 2025, lowering stockpiles and slightly reducing global carryout.

flag U.S. corn exports surged to a record 800 million bushels in the first quarter of 2025-2026, boosting the year’s forecast to 3.2 billion bushels and lowering ending stocks to 2.029 billion, according to the USDA’s December report. flag Global corn carryout dipped slightly to 279.2 million metric tons, with production revisions lower in Ukraine, Canada, and several African nations. flag Soybean and wheat carryout rose globally, driven by strong outputs in the EU, Russia, and other regions, while U.S. supply and price forecasts remained stable.

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