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

> A commodity outlook for 2026 says ingredient costs should remain stable due to soft cereal and oilseed prices and record stocks, with USDA projecting record 2025/26 world wheat output of 1.097 billion tonnes and ending stocks of 274.9 million tonnes. Maize output is expected to fall in Ukraine but rise in Brazil and the US.

- Date: 2026-01-27 · published 2026-01-27T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/21177-commodity-outlook-2026-prices-stable-but-key-crops-have-sourcing-risks
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Record wheat and maize stocks keep downward pressure on feed grain prices, though Ukrainian maize weakness offers limited support.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-04-16 | [USDA predicts lower crop prices for key commodities in 2024 \| Agriculture Dive](https://feedsoft.ai/events/30684-usda-predicts-lower-crop-prices-for-key-commodities-in-2024-agriculture-dive.md) | -0.6% | +2.0% |
| WHEAT | 2023-03-30 | [FAPRI-MU Outlook forecasts price retreat for most commodities](https://feedsoft.ai/events/37002-fapri-mu-outlook-forecasts-price-retreat-for-most-commodities.md) | -11.1% | -14.6% |
| WHEAT | 2022-07-20 | [Bumper crops and higher prices, but challenges remain - Chinadaily.com.cn](https://feedsoft.ai/events/40472-bumper-crops-and-higher-prices-but-challenges-remain-chinadaily-com-cn.md) | -10.6% | -0.6% |
| WHEAT | 2026-09-11 | [September WASDE 2026: Corn, Wheat & Soybean Outlook \| Prospex*Agro](https://feedsoft.ai/events/17405-september-wasde-2026-corn-wheat-and-soybean-outlook-prospex-agro.md) | -1.3% | -4.1% |
| WHEAT | 2025-10-20 | [Another robust harvest ahead, but prices fail to keep pace – Rabobank 2025/26 Australian winter crop forecast](https://feedsoft.ai/events/22350-another-robust-harvest-ahead-but-prices-fail-to-keep-pace-rabobank-2025-26.md) | +0.7% | -2.8% |
| CORN | 2026-01-21 | [2026 Crop outlook: Export momentum key to prices given abundant supplies \| FCC](https://feedsoft.ai/events/21164-2026-crop-outlook-export-momentum-key-to-prices-given-abundant-supplies-fcc.md) | +0.8% | +0.6% |
| CORN | 2024-04-16 | [USDA predicts lower crop prices for key commodities in 2024 \| Agriculture Dive](https://feedsoft.ai/events/30684-usda-predicts-lower-crop-prices-for-key-commodities-in-2024-agriculture-dive.md) | -0.3% | +3.3% |
| CORN | 2023-03-30 | [FAPRI-MU Outlook forecasts price retreat for most commodities](https://feedsoft.ai/events/37002-fapri-mu-outlook-forecasts-price-retreat-for-most-commodities.md) | -0.5% | -3.0% |

## Sources

- ingredientsnetwork.com: https://www.ingredientsnetwork.com/commodity-outlook-2026-prices-stable-but-key-news128808.html

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