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The World Bank's October 2026 Commodity Markets Outlook projects 2026 average prices up 18% for soybeans to US$489 per tonne and 28% for wheat to US$311 per tonne, with oils and meals up 17%, grains up 14%, and fertilizers up 14%. The forecast attributes the pressure to the Middle East war, Black Sea trade barriers, biofuel demand and El Niño.
A forecast of sharply higher grain, oilseed and fertilizer prices raises feed cost expectations for buyers, though it is an institutional outlook rather than a new market shock.
argenfields.comNewsroom ArgenFieldsNov 3, 2026After 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.
After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 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.
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.
