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Acreage battle could support grain prices into 2027

A market analyst says having a flexible marketing plan gives farmers an opportunity to capitalize on higher moves in the market.

Dan Basse with Ag Resource Company says prices have the potential to move higher well into 2027. “We are seeing stocks declining in all three commodities. That indicates an acreage battle for next year. We need more wheat acres. We need more soybean acres. We need more corn acres, but the U.S. is limited by that.”

He tells Brownfield soybeans have been the commodity to watch. “It’s been kind of an interesting year in which we have a record large crop, but we have demand that’s even bigger than that crops somewhere between 40 and 70 million bushels.”

Basse says those factors will contribute to some price risk, but producers could consider strategies that leave their upside potential open.

“I think you look at grain markets, maybe the mean bean market – November could drop to $12.50 something like that. Maybe corn has downside to $5.10 or $5 December.”