US soybeans set to gain acres as farmers rethink 2026 plans - CoBank
Low prices, high costs drive shift from corn and wheat
18 February 2026
3 minute read
By: Low crop prices and high production costs are weighing heavily on US farmers as spring planting season draws near and farmers make critical decisions about which crops will offer the most favourable economic return. While late-winter price movements and regional basis signals could influence farmers over the next few weeks, soybeans are currently expected to increase their share of American farmland in 2026 while planted acreage of corn, wheat, grain sorghum, cotton and rice is expected to decline compared to last year, according to a recent market report from CoBank.
According to a new report from CoBank’s Knowledge Exchange, US soybean acreage is projected to increase nearly 6% this year, with soybeans pulling acres from multiple crops. The expansion of US soy crush capacity and expectations of continued Chinese demand have lifted soybean prices to more attractive levels than competing crops.
“Following recent price rallies, soybeans offer greater profit potential than corn, wheat, sorghum, cotton and rice,” said Tanner Ehmke, lead grains and oilseeds economist with CoBank. “Beyond price signals, crop rotation needs will also play a role. Following a big year for corn in 2025 in which acres climbed to the highest level in decades, more corn acres will be available to rotate to soybeans. And with record supplies of corn in storage, farmers will look to rotate into other crops to diversify their marketing risk. Soybeans currently offer the best marketing opportunities.”
The report provides US planted acreage projections for corn, soybeans, wheat, durum, grain sorghum, cotton and rice, along with regional factors that will influence farmers’ spring planting decisions for 2026.
Soybeans and corn
CoBank’s analysis indicates US soybean acreage will increase 5.9% over last year to reach 86 million acres as soybeans pull acres from a variety of crops. Soybean prices have performed better than most crops on expectations the EPA will announce a higher renewable volume obligation and that China will continue purchasing soybeans. In the South, soybeans will pull acres from cotton, rice and corn while wheat and corn in the Midwest and Central Plains will lose acres to soybeans. The outlier will be the Northern Plains where soybean basis remains under pressure from the loss of exports to China, causing farmers to favor more corn acres over soybeans. Soybean yield performance in the region has also been underwhelming relative to corn.
Total US corn acreages are projected at 94.0 million, down 4.8% from last year. While overall acreage will dip, corn will gain acreage in western states at the expense of wheat, grain sorghum and soybeans. Corn has benefited from steadier demand compared to crops like soybeans and sorghum that have been affected by trade disruptions. In the Northern Plains, depressed soybean basis levels will encourage farmers to switch soybean acres to corn. Successive years of high corn yields have convinced farmers that corn genetics perform well in the Northern Plains. In other regions, heavy corn acres last year indicates more acres will be switching to another crop for rotational purposes, with soybeans typically the favored crop. Farmers in the Midwest are carrying record levels of corn stocks and will be reluctant to follow with more corn acres this spring.
Spring wheat, durum and grain sorghum
Spring wheat acres are expected to fall 1% to 9.89 million acres due to weaker yield performance and profit potential compared to corn. The continual westward movement of corn acres often comes at the expense of wheat. However, if the USDA predicts a substantial decrease in wheat acres in its March Prospective Plantings report and triggers a rally in wheat prices, farmers may change acreage plans and increase wheat production in response to higher prices.
US durum acres are projected to fall 3% to 2.12 million acres. Following last year’s jump in durum production which brought US acreage to the highest level in eight years, ample stocks in the US and Canada have caused a substantial setback in durum prices versus other crops. Durum, which is grown predominately in North Dakota, will lose acres to pulse crops and spring wheat.
Grain sorghum acres are expected to fall 5% to 6.31 million acres as farmers in the Central Plains opt for more corn or soybeans in their rotations as wide sorghum basis discourages production. Sorghum stocks in the US have climbed to the highest in four years following a bigger harvest last year. Wide premiums of corn over sorghum, corn’s impressive yield performance last year, and improved soil moisture across the Central Plains will entice farmers to expand acres to corn in place of sorghum. Steadier local demand for corn with feedlots and favorable crop insurance premiums also favor corn over sorghum. Sorghum acres could rebound if export demand to China continues to build.
