NASHVILLE, TENN. (RFD-TV) — U.S. feed grain markets enter early 2026 with strong export demand providing support, even as drought conditions and mixed outside market signals shape price risk, according to analysis from Texas A&M AgriLife Extension economist Dr. Mark Welch.
Corn export sales remain a clear bright spot. As of mid-December, cumulative corn export commitments reached 1.96 billion bushels — 61 percent of USDA’s record 3.2-billion-bushel marketing-year target. That pace is well ahead of the typical 55 percent booked by late December, with Mexico accounting for a large share of recent sales. Grain sorghum exports are also improving, with China returning as a buyer and commitments reaching 35 percent of the annual target.
Cash markets reflect steady demand but cautious pricing. Texas corn basis remains firm relative to futures, supported by feed and export channels, while sorghum prices lag corn due to weaker basis levels.
Outside markets add mixed signals. Economic growth remains strong, but lower energy prices and a weaker dollar could influence export competitiveness moving forward.
Farm-Level Takeaway: Strong export demand supports feed grain prices, but drought risk and seasonal patterns favor disciplined early-year marketing.
Tony St. James, RFD-TV Markets Specialist
Dairy farmers are expected to face strong output and export gains, but lower prices and tighter margins will persist into next year.
September 22, 2025 10:52 AM
·
The USDA NASS report also confirms lower August placements.
September 19, 2025 03:36 PM
·
Ethanol producers face a widening opportunity window as aviation and marine fuel markets expand, with the potential to add billions in demand if policy and certification align.
September 19, 2025 02:42 PM
·
Lawmakers and ag industry groups welcomed the confirmations, citing the direct impact of these leaders on western ranchers, water and land management, conservation programs, and regulatory reform.
September 19, 2025 01:21 PM
·
All eyes will be on today’s Cattle on Feed Report, which analysts say could give a clearer picture of where the market goes next.
September 19, 2025 01:01 PM
·
Corn and beef exports showed strong momentum, cotton sales surged, and soybean sales held steady, though China remains absent from the U.S. market.
September 18, 2025 04:43 PM
·
