July WASDE unlikely to shake up crop outlook - Farm Progress

Bryce Knorr,Contributing market analyst,Farm Futures. And crop estimates are highly likely to change, especially during the growing season when a few days of heat or drought can bring dramatic revisions to the outlook. But don’t expect USDA’s July 12 World Agricultural Supply and Demand Estimates to include wholesale upheaval. While the agency may juggle its forecasts to align with June 30 acreage and grain stocks data, shifts should be minor, while the weather clock ticks down. One key WASDE factor that’s unlikely to change for at least another month: 2026 yield estimates, which the June report held over from May at 183 bushels per acre corn and 53 bpa soybeans, based on statistical trends. Corn usage, or “disappearance” as it’s called, was up 6.8% from the previous year during the March-May quarter, but that was 2% less than the increase for the entire 2025-26 crop predicted in the June WASDE.

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