# World Bank forecasts food commodity prices up 10% in 2026 | Rand Desk

> The World Bank forecasts food commodity prices up 10% in 2026 and 7% in 2027, with Brent averaging $91 in 2026. Its table puts US hard red winter wheat at $311 a tonne in 2026, 28% above 2025, and maize at $223, up 9.9%. Fertiliser prices are forecast to rise 14% in 2026 after urea jumped early in the year.

- Date: 2026-10-31 · published 2026-11-01T06:11:52.159Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4333-world-bank-forecasts-food-commodity-prices-up-10-in-2026-rand-desk
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher wheat and maize forecasts raise feed grain costs, while dearer fertiliser and fuel lift farming costs that could tighten future supply. The forecast points to a sustained upward price trend for feed inputs.

## Read by commodity

- CORN: bullish ▲
- UREA: bullish ▲
- BRENT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2021-07-30 | [A new decline in crop forecasts for the US, Canada and Russia continued to raise wheat prices](https://feedsoft.ai/events/46103-a-new-decline-in-crop-forecasts-for-the-us-canada-and-russia-continued-to-raise.md) | +2.5% | +6.1% |
| KWHEAT | 2022-09-30 | [UPDATE 1-U.S. Wheat Harvest Falls Below Forecasts; Prices Rally](https://feedsoft.ai/events/39630-update-1-u-s-wheat-harvest-falls-below-forecasts-prices-rally.md) | -0.2% | -3.6% |
| KWHEAT | 2026-05-08 | [Global food prices up for third straight month \| World Grain](https://feedsoft.ai/events/10152-global-food-prices-up-for-third-straight-month-world-grain.md) | +7.3% | -5.2% |
| KWHEAT | 2018-05-24 | [Wait for rain puts dampener on higher prices forecast \| Countryman](https://feedsoft.ai/events/64977-wait-for-rain-puts-dampener-on-higher-prices-forecast-countryman.md) | -1.7% | -10.6% |
| KWHEAT | 2022-10-24 | [Canada lifts grain price forecasts, as it upgrades wheat export hopes - Grain Price News](https://feedsoft.ai/events/39181-canada-lifts-grain-price-forecasts-as-it-upgrades-wheat-export-hopes-grain.md) | -2.5% | -1.5% |
| CORN | 2020-11-11 | [AgriMarketing.com - Ag Commodity Prices Surge On USDA's Reduced Yield Forecasts](https://feedsoft.ai/events/50096-agrimarketing-com-ag-commodity-prices-surge-on-usda-s-reduced-yield-forecasts.md) | +7.9% | +7.0% |
| CORN | 2025-05-14 | [Global fertilizer prices climb 11% in early 2025: World Bank  ...](https://feedsoft.ai/events/25007-global-fertilizer-prices-climb-11-in-early-2025-world-bank.md) | +3.8% | +0.4% |
| CORN | 2024-01-05 | [World food price index ends 2023 some 10% below 2022 levels](https://feedsoft.ai/events/6744-world-food-price-index-ends-2023-some-10-below-2022-levels.md) | -1.5% | -2.4% |

## Sources

- randdesk.co.za: https://randdesk.co.za/economy-and-policy/world-bank-warns-food-prices-to-rise-10-in/

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