Agricultural economist David Widmar says export demand will be a key driver of corn and soybean prices in 2027. He notes corn demand has eased somewhat from 2025 levels, while soybean exports have benefited from strong global demand.
The November USDA report raised the soybean export projection to 1.72 billion bushels and corn exports to 3.275 billion bushels.
Export projections support the demand side of the balance sheet, so firm soybean and corn shipments underpin prices into 2027. Any South American supply disruption could shift Chinese buying toward US beans later in the spring.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.