(NAFB.com) – A new CoBank Report on the forces shaping the economy in 2026 says ample grain supplies will likely continue burdening the markets in 2026. Global grain and oilseed markets are still oversupplied, but increased biofuels production and improving export conditions are boosting optimism that prices have passed their cyclical bottoms. Demand for U.S. grains and oilseeds will continue strengthening as low prices stimulate usage. Elsewhere, investment in efficiency is paying dividends in animal protein production as consumers continue demanding more. Despite rising prices for meat and poultry, animal protein demand is expected to remain strong in 2026. The combination of higher revenues and falling feed prices is boosting producer optimism for the year ahead, but not to the degree that expansion is expected to proliferate. Milk protein is also poised for an extended bull-market run as demand for protein-based dairy products continues to climb.
