Corn, soybean, and wheat prices expected to fluctuate

10-Dec-2025 04:33 PM

Chicago. Data presented in the US Department of Agriculture (USDA) December 2025 report indicates that corn prices may rise slightly and wheat prices may decline slightly in the coming months, while soybean prices may remain largely stable.

USDA has raised its US corn export forecast by 125 million bushels to a record high of 3.20 billion bushels, a 12 percent increase from last year.

Conversely, its ending stocks have been reduced by 125 million bushels to 2.09 billion bushels. Global demand for US corn is expected to increase, which could lead to a slight increase in prices.

According to analysts, Brazil's rapidly increasing corn consumption in the ethanol production and animal feed industries will result in lower export stocks, preventing the US from facing tough competition from its competitors in the global market.

The situation regarding corn stocks relative to use is also likely to remain complex. Brazil is the world's third-largest corn producer, after the United States and China, and the second-largest exporter. Corn demand in the United States is also projected to increase by 3 percent to 5.60 billion bushels.

USDA has not made any significant changes to its soybean balance sheet in the United States, so significant fluctuations in prices are unlikely.

The United States is focused on the Chinese market, while uncertainty persists there. Furthermore, the production outlook in Latin American countries, particularly Brazil and Argentina, is being closely monitored.

Soybean sowing has already begun there, and sowing is nearing completion in Brazil. China is importing large quantities of soybeans from Brazil. Soybean sowing has been completed in Brazil by 10 percent and in Argentina by more than 50 percent.

As for wheat, USDA has maintained its balance sheet at previous levels. Closing wheat stocks are expected to be 901 million bushels, the highest level in six years, which could put upward pressure on prices.