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The World Bank's Commodity Markets Outlook projects cereal, vegetable oil and fertilizer prices to rise sharply in 2026, with vegetable oils and meals up 17% and cereals and fertilizers up 14%. The report also expects further agricultural price increases in 2027 and a later easing in fertilizer prices.
Soybean oil is forecast at US$1,585 per tonne in 2026, up from US$311 the previous year, with biofuel demand a key driver.
Higher soybean oil and meal prices raise feed ingredient costs for buyers, while biofuel demand keeps soybean oil competing with meal. Ongoing Middle East, Black Sea and El Niño risks support the outlook for higher prices.
abc.com.pySebastian ScuraNov 15, 2026After 297 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
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.
