Ag Econ Update: Arlan Suderman, StoneX Group Inc. | October 13, 2026
Ag Economy Update: Demand Remains Resilient Despite Ongoing Challenges
The agricultural economy continues to present a mixed picture for producers. During this update, Arlan Suderman of Stone X highlighted how elevated interest rates, high diesel costs, and uneven profitability across livestock sectors are creating challenges, particularly for younger farmers and those carrying higher debt loads. At the same time, consumer spending remains resilient, helping support demand for agricultural products.
On the livestock side, Suderman noted that cattle markets remain relatively strong, while pork producers continue to face softer demand. Beef demand has held up better than many expected despite historically high prices, while poultry continues to benefit from changing consumer preferences and demand for protein-rich diets.
In grain markets, the discussion focused on the longer-term outlook rather than immediate supply concerns. While global grain supplies remain adequate today, ongoing disruptions to global logistics, particularly in the Black Sea region, continue to create uncertainty. At the same time, growing demand for biofuels and renewable fuels is providing additional support for corn and soybean demand.
Looking ahead, Suderman expects competition for crop acreage to become increasingly important as demand growth continues. He expressed the most optimism about soybeans due to strong demand drivers, while noting that corn and wheat may require additional improvements in market fundamentals before seeing stronger price movement.
Overall, Suderman remains cautiously optimistic. While producers will need to manage risks from higher costs, interest rates, and market volatility, he believes long-term demand trends continue to provide reasons for confidence in the agricultural economy.
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