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Study Models Future Effects of Climate Change on US Corn and Soybean Yields, Production, and Exports

A recent study conducted by the U.S. Department of Agriculture (USDA) Economic Research Service (ERS) modeled how climate-linked changes in temperatures and precipitation might affect future U.S. corn and soybean yields and what that would mean for markets and trade through the middle of the next decade.

The study used 2016 as a base year, and the model estimated an increase in U.S. corn yields but a decrease in soybean yields by the year 2036. These changes would affect U.S. corn and soybean exports. In the model, corn exports are projected to increase 0.36% by 2036, compared with 2016, while soybean exports drop 1.17% for a total decrease for the two crops of as much as US$256 million by 2036.

The U.S. corn yields were estimated to increase 3.1% by 2036, representing historically slow yield growth compared with previous decades. In contrast, soybean yields were projected to decrease by 3%. With these yield changes, the use of land in corn and soybean production also was expected to shift. U.S. corn producers are expected to plant fewer acres of corn because of increased yields while soybean producers are projected to increase acreage to offset the impact of the expected yield decrease.

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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.