Cash Field Crop Industry Snapshot

National:	2022/23	2023/24	2024/25	2025/26 F
Corn Area Harvested (Mil. Acres)	78.7	86.5	82.9	87.4
Corn Yield/Acre (bu.)	173.4	177.3	179.3	181.0
Corn Price ($/bu.)	$6.54	$4.55	$4.35	$4.20
Soybeans Area Harvested (Mil. Acres)	86.2	82.3	86.1	82.7
Soybean Yield/Acre	49.6	50.6	50.7	52.5
Soybean Price ($/bu.)	$14.20	$12.40	$9.95	$10.25

Source: USDA WASDE

Prices for grains and oilseeds have declined significantly since the 2022/23 crop year, and margins are negative for many cash field producers as market prices are not covering total production costs.
Corn and soybean prices further weakened last quarter amid trade and biofuel policy uncertainty and a record-large South American soybean harvest. A weaker U.S. dollar helps export prospects but is not significant enough to offset other bearish market influences.
Excessive moisture delayed or prevented planting of crops for many Northeast producers. Product movement has been slow as well for stored crops.
September 2025 corn futures are trading at $4.03/bu, and soybean futures at $10.13/bu, as of July 8, 2025.¹

¹ CBOT Futures