USDA-FAS projects a 6.9% drop in total corn output to 1.35 million metric tons, while milled rice production is anticipated to decline by 6.7% to 1.8 million metric tons.
The purchase comes as part of a broader US$472.5 million initiative authorized under Section 32 of the Agricultural Adjustment Act of 1935 to absorb domestic commodity surpluses, stabilize farm-gate prices, and deliver essential staple foods to low-income families and emergency food networks across the country.
Australia’s barley production is forecast to reach a record of 17.7 million metric tons (MMT) in 2026/27, while wheat production is forecast to decline 11% to 32.0 MMT.
The revised estimate is down from 6.32 million tonnes in the previous season and from the USDA’s earlier June forecast of 4.5 million tonnes.
The USDA’s FASUSDA’s-FAS projects total EU oilseed production at 32.25 million tonnes, down 1% from the previous year, despite planted area rising by almost 7%.