A Tighter 2026/27 Corn Market Suggests Prices Have Bottomed
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ING Economic and Financial Analysis4.94K FollowersFollow5ShareSavePlay(8min)CommentsSummaryCorn prices have come under pressure this year due to record corn production.However, we believe that a tightening in the market in 2026/27 should provide better support for prices in 2026.The US will produce a record corn crop in the 2025/26 season, with farmers expanding corn acreage as they cut soybean acreage due to the escalation in trade tensions with China. Vladimir Zakharov/iStock via Getty Images By Warren Patterson, Head of Commodities Strategy Record US corn output weighs on the market The US will produce a record corn crop in the 2025/26 season, with farmers expanding corn acreage as they cutThis article was written byING Economic and Financial Analysis4.94K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.Quick InsightsHow does record US corn output impact near-term corn prices?Record US output and high ending stocks are likely to keep corn prices subdued into early next year, with limited upside until 2026/27.What could trigger a tightening corn market in 2026/27?A shift in US acreage back to soybeans, lower yields, and potential renewed Chinese buying would reduce global stocks and support higher prices.How material is China’s absence from US corn exports?China’s reduced US corn purchases have had limited impact due to their small share of total exports, but a return would meaningfully tighten global supply.Recommended For You