More Soybeans, Less Corn in ’26

As expected, USDA is projecting a decline in corn acres and more soybean acres this spring. These numbers were released this morning in conjunction with the USDA Ag Outlook Forum. Corn is forecast at 94 million acres, down from 98.8 million acres last year. Soybean acreage is estimated at 85 million, up from just over 81 million acres in 2025. Soybean ending stocks are flat with last year, while corn stocks are expected to tighten, but remain at comfortable levels.