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
NPPC President Rob Brenneman says rising fuel and input costs are creating pressure across pork production despite steady trade.
With U.S. cattle supplies already tight, drought response remains a long-term supply issue.
Shrinking Select beef supplies are continuing to reshape cattle pricing and beef demand trends.
Washington growers say this year’s cherry crop may be smaller than last season but still strong enough to support promotions.

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:

Feed grain supplies may tighten in 2026/27, supporting higher corn and sorghum prices despite large crops.
USDA says weather damage in key Robusta-growing regions is tightening supplies and lowering export expectations.
USDA says federal biofuel policy and growing renewable diesel capacity are increasing demand for feedstocks.
USDA says growing soybean output and expanding biofuel demand are helping drive the increase.
Industry leaders say restored access is a major step forward, though exports remain well below previous levels.
Texas A&M economist John Robinson says speculative buying helped push ICE cotton futures sharply higher.