# Soybeans, wheat and fertilizers: World Bank sees more pressure on food prices

> 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.

- Date: 2026-11-03 · published 2026-11-03T13:36:04.685Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/77771-soybeans-wheat-and-fertilizers-world-bank-sees-more-pressure-on-food-prices
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-07-04 | [Palm and soybean oil futures rose 8.5-10% in two sessions, following soybean prices](https://feedsoft.ai/events/6545-palm-and-soybean-oil-futures-rose-8-5-10-in-two-sessions-following-soybean.md) | +0.5% | -1.8% |
| SBO | 2026-05-08 | [World food prices rise to more than three year high in April, FAO says - Grainews](https://feedsoft.ai/events/19272-world-food-prices-rise-to-more-than-three-year-high-in-april-fao-says-grainews.md) | -2.6% | -2.7% |
| SBO | 2026-06-19 | [Soybean meal and oil: global demand sustains market, but excess supply pressures prices in the second half of the year](https://feedsoft.ai/events/18880-soybean-meal-and-oil-global-demand-sustains-market-but-excess-supply-pressures.md) | +1.6% | +7.3% |
| SBO | 2021-01-07 | [World food prices rise for seventh month in a row in December - World \| ReliefWeb](https://feedsoft.ai/events/49246-world-food-prices-rise-for-seventh-month-in-a-row-in-december-world-reliefweb.md) | -3.3% | +2.2% |
| SBO | 2025-09-12 | [Soybeans, corn, and wheat see gains amid shifting yield and export forecasts - Brownfield Ag News](https://feedsoft.ai/events/7572-soybeans-corn-and-wheat-see-gains-amid-shifting-yield-and-export-forecasts.md) | +0.1% | -0.6% |
| SBM | 2025-03-11 | [Modest post-WASDE losses for soybeans, corn, wheat - Brownfield Ag News](https://feedsoft.ai/events/25671-modest-post-wasde-losses-for-soybeans-corn-wheat-brownfield-ag-news.md) | +2.7% | -1.1% |
| SBM | 2021-01-12 | [USDA numbers send corn, soybeans, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/49092-usda-numbers-send-corn-soybeans-wheat-higher-brownfield-ag-news.md) | +2.5% | -1.5% |
| SBM | 2022-10-12 | [Soybeans mostly up, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/5090-soybeans-mostly-up-wheat-down-after-usda-numbers-brownfield-ag-news.md) | -1.2% | +1.9% |

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/mercados/soja-trigo-y-fertilizantes-banco-mundial-preve-mas-presion-sobre-el-precio-de-los-alimentos/

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