2026 Corn and Soybean Prices Forecast to Rise

Corn prices for the 2026 crop are projected to reach approximately $5 per bushel. This figure is higher than estimates released in May. It also exceeds levels observed since the 2023 harvest.

Soybean prices are expected to stay at or above $12 per bushel for both 2026 and 2027. University of Illinois economist Nick Paulson noted these values are considerably higher than the past three years. The outlook reflects improved pricing opportunities for growers.

Input Costs Rise Due to Geopolitical Factors

Production costs for the 2027 season are increasing. Fertilizer and fuel categories show the largest price jumps. Paulson attributes these increases to the conflict in Iran.

The conflict began at the end of February. It has driven up global input prices. Farmers face higher expenses even as revenue potential improves. The net effect on profit margins remains a key concern.

Arkansas Rice Acreage Drops to Record Low

Arkansas planted approximately 901,000 acres of rice this year. This is the first time since the late 1970s that the state fell below one million acres. The decline follows lower commodity prices in the previous year.

The state remains the top rice-producing region in the United States. Arkansas County ranks third in state acreage. Poinsett, Lawrence, Lonoke, and Jefferson counties also hold significant plantings. Data from GN markets/commodities (en-US) confirms these regional trends.

Revenue Outlook Outpaces Recent History

The 2026 and 2027 pricing outlook is stronger than recent years. Corn and soybean values are the primary drivers. This shift offers growers a more favorable revenue environment. The contrast with the 2023 crop year is stark.

Farmers are planning plantings based on these higher price expectations. The 2027 cost structure will test these revenue gains. Input price volatility remains the main risk. The balance between rising revenues and rising costs determines final profitability.