Commodity outlook 2026: Prices stable but key crops have sourcing risks

After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

• Apr 16, 2024USDA predicts lower crop prices for key commodities in 2024 | Agriculture Dive-0.6%
• Mar 30, 2023FAPRI-MU Outlook forecasts price retreat for most commodities-11.1%
• Jul 20, 2022Bumper crops and higher prices, but challenges remain - Chinadaily.com.cn-10.6%
• Sep 11, 2026September WASDE 2026: Corn, Wheat & Soybean Outlook | Prospex*Agro-1.3%
• Oct 20, 2025Another robust harvest ahead, but prices fail to keep pace – Rabobank 2025/26 Australian winter crop forecast+0.7%

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

• Jan 21, 20262026 Crop outlook: Export momentum key to prices given abundant supplies | FCC+0.8%
• Apr 16, 2024USDA predicts lower crop prices for key commodities in 2024 | Agriculture Dive-0.3%
• Mar 30, 2023FAPRI-MU Outlook forecasts price retreat for most commodities-0.5%
• Aug 31, 2022CBOT weekly outlook: Harvest, crop conditions pressuring prices - Grainews-2.0%
• Feb 19, 2021Outlook Forecasts Larger Corn, Soybean Crops for 2021+0.6%