This week’s DataPoint is brought to you by the 2025 Ag Equipment Intelligence Executive Briefing.

According to farmdoc daily from the University of Illinois, September corn stocks are shown relative to levels for the past 25 years. Stocks are growing but the rate of change is less than observed during rising stocks periods like 2005 and 2014. Joe Janzen, author of the report, says “the historic comparison to the 2013-2015 build is apt as current expectations are for a second year of growing corn ending stocks in 2025. While the pace of growth in stocks is now anticipated to be slower than observed between 2013 and 2015, the overall change looks markedly similar and inventory growth at that time did usher in a sustained period of lower prices.”

Watch the full version of this episode of On The Record