USDA’s National Agricultural Statistics Service (NASS) is forecasting a record corn crop this year, up 13% from last year, forecast at 16.7 billion bushels. Meanwhile, soybean growers are expected to decrease their production by two percent from 2024 to 4.29 billion bushels.

Average corn yield is forecast at a record high 188.8 bushels per acre, up 9.5 bushels from last year. NASS also forecasts record high yields in Idaho, Illinois, Indiana, Iowa, Minnesota, Missouri, South Carolina, South Dakota, Tennessee, Virginia, and Wisconsin. As of Aug. 3, 73% of this year’s corn crop was reported in good or excellent condition, 6 percentage points above the same time last year.

Soybean yields are expected to average a record high 53.6 bushels per acre, up 2.9 bushels from 2024. If realized, the forecasted yields in Arkansas, Delaware, Georgia, Illinois, Indiana, Iowa, Michigan, Minnesota, Mississippi, Missouri, North Carolina, and Virginia will be record highs.

All wheat production is forecast at 1.93 billion bushels, down 2% from 2024, and NASS forecasts all cotton production at 13.2 million 480-pound bales, down 8% from last year.