Loading…
The World Bank's October 2026 Commodity Markets Outlook projects 2026 price increases of about 17% for oils and meals, 14% for cereals and 14% for fertilizers. It attributes the pressure to the Middle East conflict, Black Sea trade disruptions, biofuel demand and El Niño climate risks.
Soybean oil is projected to average $1,585 per tonne in 2026, up from $1,140 in 2025, before rising further in 2027 and easing in 2028.
Biofuel demand and supply shocks are pushing vegetable oil and meal prices higher, which raises feed input costs for buyers. The forecast points to continued upward pressure on soybean oil and meal and on wheat through 2027, while fertilizer costs are expected to moderate only later.
bloomberglinea.comCarlos Rodríguez SalcedoNov 3, 2026After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 414 past bullish report events, SBM moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 769 past bullish report events, WHEAT moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
