Record Peanut Crop Leaves Market Searching for Direction

Strong supplies and rising stocks point to continued price pressure unless demand accelerates.

NASHVILLE, Tenn. (RFD NEWS) — U.S. peanut growers enter 2026 facing abundant supplies after record production in 2025, with acreage, output, and ending stocks all pointing to continued market pressure. USDA data show peanut planted area reached 1.95 million acres last year — the highest since 1991 — driven largely by expanded acreage in Georgia and Texas.

National peanut yields averaged 3,767 pounds per acre, modestly higher than 2024 but below the five-year average. Georgia posted stronger year-over-year yields, while Texas recorded its lowest state yield since the mid-1990s, partially offsetting gains elsewhere. Despite mixed yields, total U.S. peanut production reached an estimated 3.59 million tons, up 11 percent and narrowly setting a new record.

Demand is expected to grow in the 2025-26 marketing year, but not fast enough to absorb the larger crop. USDA projects peanut disappearance rising 6 percent, while ending stocks are forecast to climb 24 percent, keeping downward pressure on prices.

Looking ahead, competing crops offer little relief. Corn and cotton prices remain soft, suggesting peanut acreage could stay elevated in 2026 despite heavier supplies.

Farm-Level Takeaway: Strong supplies and rising stocks point to continued price pressure unless demand accelerates.
Tony St. James, RFD NEWS Markets Specialist
Related Stories
23% of North American farmers are using generative AI for farm-related tasks.
Cattle prices are expected to remain historically strong through 2027 as supplies stay tight.
Producers will have access to the modernized platform for fall-seeded crops.
Early cases of BRD can impact heifer health and future milk production.

Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

LATEST STORIES BY THIS AUTHOR:

Sen. John Boozman (R-AR), chairman of the Senate Ag Committee, discusses Farm Bill 2.0, the challenges facing producers, and the path forward for the legislation ahead of Wednesday’s committee vote.
FSA lending jumped 25% as producers faced higher costs and tighter working capital.
China’s soybean imports remain near last year’s pace as Brazil’s seasonal shipments slow.
Nitrogen prices could rise through spring before projected relief arrives next summer.
Tractor sales fell 8% in August as producers remained cautious about major purchases.
Farmers are cutting back on fertilizer and equipment spending as margins tighten.