미국 곡류 및 콩류 인사이트

U.S. farmers are poised to reap a record corn crop in the upcoming 2025-26 cycle. Additionally, combined output among key corn exporters in South America is also slated for an all-time high in 2025-26. But the U.S. Department of Agriculture predicts global corn ending stocks to fall to 12-year lows in 2025-26 as demand continues its robust pace. This means that the strong U.S. crop expectations need to come to fruition to prevent a further slippage in supplies. USDA on Monday pegged 2025-26 global corn ending stocks at 277.8 million metric tons, considerably below the pre-report trade estimate of 297.4 million. That is down 3% on the year and down 16% from 2023-24, and it would represent the lightest global carryout since 2013-14. If demand is factored in, corn stocks-to-use of 18.9% in 2025-26 would be the lowest since 2012-13, further demonstrating that corn supplies are not exactly predicted to be plentiful. If China is excluded from global corn stocks, the 2025-26 target ...

The U.S. Department of Agriculture lowered its estimate for soybean use in biofuels in 2024-25 in its latest World Agricultural Supply and Demand Estimates report, released May 12. However, the agency expects soybean oil use in biofuels to increase during the 2025-26 marketing year. USDA’s current 2025-26 forecast for U.S. soybeans shows slightly lower supplies, higher crush, lower exports, and lower ending stocks compared to 2024-25. The soybean harvest is projected to be lower at 4.34 billion bushels with trend yields and lower area. With higher beginning stocks but lower exports and production, soybean supplies are projected to decline less than 1% from 2024-25. U.S. soybean crush in 2025-26 is forecast to be 2.49 billion bushels, 70 million bushels higher than the 2024-25 forecast due to higher disappearances and soybean meal exports. USDA forecasts 13.9 billion pounds of soybean oil will be used for biofuels in 2025-26. The agency now estimates soybean oil use in biofuels ...

The recently announced 90-day trade truce between the U.S. and China, which includes tariff reductions, will not help American farmers regain their footing in China's soybean market, according to producers. Despite the U.S. lowering tariffs on Chinese goods from 145% to 30% and China reducing duties on U.S. imports from 125% to 10%, Brazil maintains