# Crop prices record biggest monthly gain since 2012 - TT

> The Bloomberg Agriculture Spot Index rose more than 13% in August, its largest monthly gain since July 2012, led by wheat, sugar and cocoa. Black Sea attacks, lower Russia-Ukraine grain exports and El Niño weather have tightened supplies. Analysts warn that higher energy and transport costs from the Iran war could feed through to food prices.

- Date: 2026-08-31 · published 2026-08-31T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/17948-crop-prices-record-biggest-monthly-gain-since-2012-tt
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Broad-based crop inflation raises input and feed costs for buyers, and the Black Sea and El Niño drivers keep grain prices supported. The pass-through to feed ingredients will depend on whether exports recover.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2026-08-31 | 1 | +3.6% | 3.7 | Record monthly commodity gain led by wheat shows strong momentum and fund buying carrying into the Aug 31 session. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-01 | [Dairy price rally continues, GDT index up 5.1pc to record - NZ Herald](https://feedsoft.ai/events/8438-dairy-price-rally-continues-gdt-index-up-5-1pc-to-record-nz-herald.md) | +10.5% | +22.7% |
| WHEAT | 2022-02-24 | [The price of wheat has jumped to its highest level since 2012 amid Russia's invasion of Ukraine \| Fortune](https://feedsoft.ai/events/9676-the-price-of-wheat-has-jumped-to-its-highest-level-since-2012-amid-russia-s.md) | +6.8% | +25.3% |
| WHEAT | 2026-03-06 | [Wheat Climbs the Most Since 2024 as Grains Follow Surging Crude](https://feedsoft.ai/events/9847-wheat-climbs-the-most-since-2024-as-grains-follow-surging-crude.md) | +0.8% | +0.1% |
| WHEAT | 2024-05-21 | [Wheat prices soar as Black Sea crop causes concern \| Dry Bulk](https://feedsoft.ai/events/4594-wheat-prices-soar-as-black-sea-crop-causes-concern-dry-bulk.md) | -7.2% | -10.5% |
| WHEAT | 2022-10-30 | [Grain market braces for price flurry as Black Sea corridor in doubt](https://feedsoft.ai/events/39027-grain-market-braces-for-price-flurry-as-black-sea-corridor-in-doubt.md) | -5.6% | +2.4% |
| CORN | 2022-03-01 | [Dairy price rally continues, GDT index up 5.1pc to record - NZ Herald](https://feedsoft.ai/events/8438-dairy-price-rally-continues-gdt-index-up-5-1pc-to-record-nz-herald.md) | +4.7% | +12.1% |
| CORN | 2023-01-12 | [Corn prices to stay elevated as global supplies ‘remain tight’](https://feedsoft.ai/events/37801-corn-prices-to-stay-elevated-as-global-supplies-remain-tight.md) | +2.2% | +2.2% |
| CORN | 2022-02-24 | [The price of wheat has jumped to its highest level since 2012 amid Russia's invasion of Ukraine \| Fortune](https://feedsoft.ai/events/9676-the-price-of-wheat-has-jumped-to-its-highest-level-since-2012-amid-russia-s.md) | +6.5% | +12.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-08-31/war-weather-push-crop-prices-to-biggest-monthly-gain-since-2012
- ttnews.com: https://www.ttnews.com/articles/crop-prices-gain-since-2012

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.