(Indianapolis) – Jan. 13, 2026 – The latest World Agricultural Supply and Demand Estimates (WASDE) report provided by the U.S. Department of Agriculture (USDA) was released yesterday, providing insight into the final production estimate from the 2025 crop.

Indiana Farm Bureau’s Chief Economist Todd Davis analyzed the data to highlight the most impactful information Hoosier farmers need to know, including what record yields for both corn and soybeans mean for the coming year.

“On the demand side for corn, we’re looking at a carry out of 2.2 billion bushels, which is a 44% increase from last year,” said Davis. “That’s a pretty large amount of corn in the bins.”

Corn and soybean prices continue to decline from 2022 levels by $2.44 per bushel for corn and $4 per bushel for soybeans. Tight and negative profit margins continue for Indiana farmers, contributing to financial stress.

According to Dr. Davis, for soybeans, the problem with demand remains. USDA projects soybean stocks to increase to 350 million bushels, up 8% from 2024, which will pressure soybean prices lower.

“The increase in corn and soybean stocks is a headwind for both markets,” added Dr. Davis. “Corn demand remains strong, but the record corn crop will weigh on that market. The soybean market continues to struggle with lower export volumes as it awaits anticipated soybean purchases from China.”

Read Dr. Davis’s full insights here.

The WASDE report is released monthly and provides annual forecasts for supply and use of U.S. and world wheat, rice, coarse grains, oilseeds and cotton. For more information about the report process and data, visit the USDA’s publications page.

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About Indiana Farm Bureau: For more than 100 years, Indiana Farm Bureau (INFB) has protected and enhanced the future of agriculture and our communities. As the state’s largest general farm organization, INFB works diligently to cultivate a thriving agricultural ecosystem to strengthen the viability of Indiana agriculture. Learn more at INFB.org.