As USDA gets back on track, corn and soybean prices set to tick upward

Although U.S. production numbers are not yet up to date, strong global demand continues to erode corn and soybean supplies.

Yellow soybeans and orange corn kernels separated by wooden divider
studio2013 | BigStock.com

The U.S. Department of Agriculture (USDA) is still tallying 2025 harvest numbers after the U.S. government shutdown that began in October, but StoneX Chief Commodities Economist Alan Suderman suspects corn and soybean prices have long since hit their low point for the year.

Soybean prices, in particular, hit a low around US$9.60 per bushel in early August, but peaked at US$11.58 per bushel in early November while the USDA's World Agricultural Supply and Demand Estimates reports were on hiatus.

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