- The USDA predicts food price inflation and simultaneously sets new U.S. Grade Standards for produce.
USDA Model Projects Higher Prices for Corn, Soybeans, and Wheat
What happened
The Economic Research Service released a new futures-based price model for agricultural commodities on October 21, 2026. The model projects season-average prices for corn, soybeans, and wheat to be $5.06, $12.72, and $6.59 per bushel, respectively. These projected prices are above the crops' effective reference prices, though the model is more optimistic than current WASDE forecasts. Upland cotton is forecast at about 74 cents per pound, which is below the current WASDE projection of 78 cents.
From rfdtv.com
Why it matters
The forecasts suggest that corn, soybeans, and wheat prices are expected to remain above the levels required to trigger Price Loss Coverage payments for the 2026 crop. This model provides market-based estimates that differ from current USDA WASDE projections, influencing market expectations for the commodities.
The USDA predicts food price inflation and simultaneously sets new U.S. Grade Standards for produce.
From rfdtv.com
Who's involved
- Economic Research ServiceComponent of the USDA that provides information and research on agriculture and economics
- Texas Department of AgricultureState agency of Texas responsible for agriculture and rural community affairs
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The entities involved
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Economic Research Service
component of the USDA which provides information and research on agriculture and economics