On the weekly Ag Commodity Corner+ Podcast with Farms.com Risk Management Chief Commodity Strategist Moe Agostino, he shared that the markets moved in unexpected ways during the week of March 23 to 27, as traders closely monitored the upcoming USDA planting intentions and grain stocks reports for potential surprises.
The title for this week’s podcast was: 2026 USDA Acreage Fireworks Next Week + RVO’s Old news!
Corn, soybeans, and wheat prices were already reacting to several factors, including weather conditions, fertilizer costs, and global energy trends.
Wheat prices showed improvement this week due to dry weather, low moisture, and disease stress in important U.S. HRW growing regions. These conditions raise concern about crop health and future production for the 2026 growing season.
Cotton prices also moved higher, reaching new contract highs.
In livestock markets, cattle prices increased steadily, while hog prices weakened in the short term but were stronger for summer months after a friendly USDA hogs and pigs report, shared Agostino.
The USDA acreage report is especially important this season. Experts expect corn acreage to be lower than earlier estimates, mainly due to high fertilizer prices and limited availability.
Agostino says some farmers may switch from corn or wheat to soybeans because soybeans need less fertilizer and inputs. This possible shift could surprise markets and move prices.
Energy markets are also influencing agriculture. Rising crude oil prices are increasing production and transport costs, which impacts both farmers and consumers. High energy prices also support demand for biofuels.
The new renewable fuel blending rules announced by the EPA will encourage greater use of biodiesel and ethanol, increasing demand for crops like soybeans and corn. Although some of this news was already priced into markets, long-term demand remains strong – thus why Agostino said Renewable Volume Obligations (RVOs) announced by EPA were “old news” in the title of the podcast.
Livestock trends remain mixed. As noted above, hog supplies are tightening due to disease concerns and reduced breeding numbers. This could support higher prices after seasonal weakness ends. Cattle markets continue to benefit from strong demand and limited supply.
Investment funds are still actively buying agricultural commodities, especially oilseeds and energy-related products. Their activity shows ongoing confidence in the agriculture sector despite market risks.
Overall, global events, energy prices, and government policies are shaping the farm economy. The upcoming USDA report may bring surprises, making the next few weeks important for farmers and markets alike.
Watch the 2026 USDA Acreage Fireworks Next Week + RVO’s Old news! podcast below.
For daily information and updates on agriculture commodity marketing and price risk management for North American farmers, producers, and agribusiness visit things; Farms.com Risk Management Website to subscribe to the program.
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