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
National Sorghum Producers CEO Tim Lust said farmers face a challenging year with strong supply, murky trade conditions, and uncertain access to their largest market: China.
September 15, 2025 01:59 PM
·
U.S. trade talks with China resume, but meat industry leaders say dealing with shifting demand and market uncertainty is nothing new in this side of the ag sector.
September 15, 2025 12:57 PM
·
Tariffs are pushing up input costs, with fertilizer prices rising $100 per ton and machinery costs climbing due to steel and parts duties.
September 15, 2025 12:21 PM
·
Year-round sales of E-15 are another major topic on Capitol Hill, which, according to Rep. Adrian Smith (R-NE), is one issue up for debate this session with significant bipartisan support.
September 15, 2025 12:09 PM
·
American Soybean Association President Caleb Ragland joins us to share his reaction to September’s WASDE and discuss the trade uncertainty between China and his industry.
September 12, 2025 02:13 PM
·
Harvested acres are estimated at 90.0 million, making this year’s corn crop one of the largest since the 1930s.
September 12, 2025 12:38 PM
·
China has been largely absent from U.S. markets lately, but not when it comes to cotton. It’s a buy that, traders say, isn’t surprising given China’s limitations.
September 12, 2025 12:07 PM
·
U.S. producers are holding off on equipment investments amid financial pressure, market uncertainty, a rising demand for diesel, and growing desperation for trade wins.
September 12, 2025 11:18 AM
·
As the White House works to close the trade gap, patience is wearing thin for some lawmakers. Senator Chuck Grassley (R-IA) says farmers are getting backed into a corner.
September 11, 2025 11:26 AM
·
