
The World Bank's October 2025 Commodity Markets Outlook projects global commodity prices to fall about 7% in 2026, a fourth straight year of moderation. Energy is forecast down 10% in 2026 after a projected 12% drop in 2025, while agricultural prices are expected to edge lower on ample supplies.
Fertilizer costs have soared on strong demand.
Ample grain and oil supplies point to softer feed ingredient prices over the coming year, while fertilizer strength raises input costs for farmers and could support feed prices over time.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.
After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.
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.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.