Analyst Sees Potential for Higher Corn and Soybean Prices in 2026

Despite ongoing uncertainty in the ag industry, a market analyst says corn and soybean prices could move higher in 2026.

Jeff Peterson with Heartland Farm Partners says there’s some optimism for soybeans. “If we can get that November 2026 futures up and over $11, that’s an area where we need to get some sales on.”

Peterson says the trade will be closely watching a few global factors. “Depending on how South America crop goes and how much we get sold and shipped to China, it’s going to be important that ultimately any little bounce in the futures price that we must take advantage of on the soybean side.”

And, as for corn, he says, “If we can get that December 2026 futures market above that $4.70 area or in and around the $4.70 area, I think we need to start making some sales.”

Peterson says any pullback in corn acres would likely influence prices, depending on demand.

EDITOR’S TAKE:

Even the prospect of higher prices in 2026 is welcome news compared to the disastrous year for corn and soybean prices in 2025. Production in Brazil and Argentina will certainly play a key role in determining global supply and carryover stocks and ultimately price structure. It will be interesting to see just how much corn and soybean acreage farmers in the U.S. actually plant next spring. If they see that input costs are too high, a pullback in acreage is very possible.

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