Coverage spanning grain and farm supply, including oilseeds and renewable fuel dynamics.
The wait is over for the renewable volume obligations of the Renewable Fuel Standard, clearing an outlook that had been clouded by uncertainty the last several months. On March 27, the White House announced RVOs for 2026 and 2027 at the highest levels in the program’s 20-year history, intended to increase the use of domestic biofuels.
Cotton farmers plan to expand acreage as prices forge a mild recovery. Long-grain rice acreage is projected to be smallest since 1983 as farmers shift acres to soybeans. Global abundance of sugar is bearing down on prices, discouraging U.S. farmers from expanding sugarbeet acreage.
Market volatility offered farmers new marketing opportunities in grains and oilseeds in the first quarter. Farmers plan to shift acres to soybeans in 2026 and away from corn and wheat. Drought is again plaguing the U.S. winter wheat crop, and producers look to El Nino for potential relief.
The longer the political uncertainty endures in the Middle East, the greater the lasting impact of stalled fertilizer and oil production. Fuel and fertilizer prices have increased 20%-40% since the conflict began, and buyers who delayed decision making are more exposed. Improved commodity prices are not anticipated to offset higher farm supply prices. Ongoing supply chain disruptions for urea could recreate 2022-level fertilizer prices without 2022 crop-price support.
CoBank’s analysis finds that soybean acreage in 2026 is set to expand overall as soybeans offer stronger economic returns over other crops and U.S. farmers rotate crops after last year’s heavy corn acreage.
Farmers were aggressive sellers of soybeans last fall but were more reluctant to market corn and wheat, according to CoBank’s collateral monitoring reports of grain company customers as of Nov. 30, 2025.
The dawn of 45Z is here, with conventional biofuel producers entering 2026 poised to capitalize on significant changes in the Clean Fuel Production Credit that allow producers to monetize the tax credit.
Global grain and oilseed markets remain oversupplied, but increased biofuels production and improving export conditions are boosting U.S. producer optimism that prices have passed their cyclical bottoms.
Facing another year of tight crop margins and slightly flat to lower crop input prices, farmers will be looking to produce their way to higher profits as they evaluate inputs for the 2026 crop year.
The U.S. is expected to harvest a record fall crop of 21.5 billion bushels of corn, soybeans and grain sorghum this year – up 10% YoY and a new record – on the heels of the largest wheat harvest in five years.
Artificial intelligence is transforming agriculture retailers by improving agronomy recommendations, streamlining workflows, enhancing customer relationships, optimizing inventory, and strengthening decision‑making across operations—from precision ag and seed prescriptions to supply chain management and workforce support.
Trade uncertainty and shifting tariff policies are slowing new‑crop grain sales as merchandisers, elevators, and end users navigate weaker export demand and heightened market volatility.
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Get relevant and actionable insights from CoBank's industry-leading Knowledge Exchange research team.
