Despite challenges in the almond market, there are two reasons to be optimistic about what holds for the rest of 2026.

All my price forecasts are substantially lower from earlier expectations and close to year-ago levels.

U.S. corn prices are well positioned to rise heading into 2027.

Tightening global ending stocks will likely support cotton prices for 2026/27.

The overarching theme of plentiful supply will likely continue to weigh on milk prices through the end of 2026 and into 2027.

Higher interest rates and sticky repair and insurance costs point to elevated machinery costs in 2027.

The recent growth of California olive oil reflects rising demand among U.S. consumers and attractive production characteristics.

Soybean price volatility in Q4 will be tied to USDA supply estimates, crush demand, export sales to China and Brazil’s crop.

For some sugar beet growers, 2027 offers a potential return to profitability.

The hog market has shifted from broad profitability to a more risk-sensitive environment.

Renewed trade tensions with the most important buyer of American wine are weighing on the near-term outlook for U.S. wine exports.