After the longest government shutdown in history, the U.S. Department of Agriculture (USDA) released a long-awaited World Agricultural Supply and Demand Estimates (WASDE) report earlier today.
The November report provides a needed update on the size of the 2025 crops, as well as export projections. Indiana Farm Bureau’s Chief Economist Dr. Todd Davis published his analysis on the data saying, “This has not been a normal marketing year, so these reports have huge impacts on markets and the decisions farmers are making.”
According to Davis, the corn crop nationally is about 12% larger than last year which will end up being a record at 16.75 billion bushels. For Indiana, although the corn yield will be record-setting, the size of the crop is expected to be right on par with September predictions.
“Corn’s problem is that demand is not going to keep pace with supply, but export projections for corn have been a bright star,” said Davis. “The 2025 export estimates will be even larger at 8% over 2024 numbers.”
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