Published on March 10th, 2026
Key Drivers:
The EPA is finalizing biofuel mandates, setting the stage for soybean oil usage to increase 25% above 2023 levels.
This translates to 450 million additional soybeans to be processed in the U.S., offsetting lost exports to China.
Uncertainty remains regarding whether imported oil used in biofuel will receive half or full subsidies.
Outlook: If the EPA cuts imported oil subsidies used in biofuel to half, soybean oil prices could go up a little more.
Key Drivers: Wheat prices are getting a lift from the Iran conflict due to concerns over exports shipping from Russia and Ukraine through the Black Sea.
Higher corn prices have been supportive; however, pizza and pasta flour remain slightly cheaper than last year.
The market currently shows a big supply balanced by good demand.
Outlook: With big supply balanced by good demand, prices could remain steady.
Key Drivers:
The USDA bumped its projection for 2026 U.S. cane sugar production, lifting overall output to a new record.
Consumption continues to fall as the rise of weight-loss drugs curbs demand for sugar-based products.
Lower world sugar prices have kept imports flowing despite projections that imports will drop.
Outlook: The key to stronger prices will be reduced imports, which would reduce burdensome refined sugar inventories.
This comprehensive research empowers you to make informed business decisions. The information contained in this monthly market update is for informational purposes only. It represents our best estimates of commodity market conditions and is subject to change without notice. While we strive to provide accurate information, Gordon Food Service cannot guarantee the completeness or accuracy of the content. Any reliance you place on this information is strictly at your own risk.
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