NASHVILLE, Tenn. (RFD NEWS) — Farmers heading into the 2026/27 marketing year face another season of strong production potential but limited pricing power, according to economists with Terrain. Large carry-in stocks across major crops are expected to keep supply comfortable and cap upside price movement unless weather or demand shifts meaningfully.
Terrain’s Early Grain Outlook projects corn planted area at 94 million acres with a trend yield of 183.5 bushels per acre, pushing production above 15.8 billion bushels. With beginning stocks above 2.15 billion bushels, total supplies could exceed 18 billion. Ending stocks are projected above 1.9 billion bushels, with an average farm price near $4.33 per bushel.
Soybean acreage is expected to rebound to 85 million acres. Production near 4.46 billion bushels and larger beginning stocks could lift total supplies more than 7 percent year over year. Even with higher exports—including assumed Chinese purchases—ending stocks near 370 million bushels could keep prices near $10.31 per bushel.
Wheat acreage is projected at 45.1 million acres, among the lowest since records began. While production may fall 4 percent, large carry-in stocks keep total supplies flat. Terrain forecasts an average wheat price of $5.46 per bushel, reflecting improved alignment rather than tight fundamentals.
Sorghum acreage could dip to 6.5 million acres, but large beginning stocks may push total supplies up 16 percent. Without significant Chinese demand, Terrain estimates a $3.69 per bushel average farm price.
Economists at Terrain emphasize that profitability will depend on disciplined marketing, updated break-even calculations, and the ability to capture short-term price rallies in a well-supplied global market.
Farm-Level Takeaway: Large carry-in stocks across major crops could limit price recovery in 2026/27 unless demand strengthens or weather-related supply reductions occur.
Tony St. James, RFD NEWS Markets Specialist
Shrinking sheep numbers contrast with gradual goat expansion, signaling tighter lamb supplies but steadier growth potential for meat goats.
February 02, 2026 10:29 AM
·
Falling livestock prices, combined with higher input costs, continue to squeeze farm profitability heading into 2026.
February 02, 2026 10:22 AM
·
Strong rail demand and higher fuel costs raise transportation risk even as barge and export flows stabilize.
January 30, 2026 02:21 PM
·
Traders say that shift could eventually prompt the USDA to scale back soybean export projections, noting the outlook differs greatly for other grain commodities.
January 30, 2026 01:13 PM
·
The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.
January 30, 2026 12:51 PM
·
Record milk output looks strong today, but shrinking replacement numbers mean future supply adjustments could be faster and more volatile.
January 30, 2026 11:44 AM
·
A rapidly intensifying winter storm is expected to develop into a bomb cyclone this weekend, affecting the Southeast, southern Virginia, and potentially parts of the mid‑Atlantic and New England.
January 30, 2026 10:52 AM
Often overlooked, cotton wholesalers act as stabilizers during market stress, translating fragmented retail demand into workable production programs for mills and manufacturers.
January 30, 2026 08:00 AM
·
Strong blending demand continues to support ethanol use even as production and exports fluctuate.
January 30, 2026 07:00 AM
·
