# World Bank forecasts 18% rise for soybeans and 28% for wheat

> 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.

- Date: 2026-11-03 · published 2026-11-03T18:11:47.431Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/78130-world-bank-forecasts-18-rise-for-soybeans-and-28-for-wheat
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- UREA: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-06-11 | [Slightly Bullish Soybean and Bearish World Wheat Stocks](https://feedsoft.ai/events/52556-slightly-bullish-soybean-and-bearish-world-wheat-stocks.md) | +0.7% | +3.8% |
| SOY | 2018-05-10 | [USDA predicts lower carryover for corn, wheat and soybeans \| World-grain.com \| May 10, 2018 19:23 \| World Grain](https://feedsoft.ai/events/64970-usda-predicts-lower-carryover-for-corn-wheat-and-soybeans-world-grain-com-may.md) | -0.7% | -3.3% |
| SOY | 2023-10-12 | [USDA Further Trims Its Forecasts for US Corn and Soybeans](https://feedsoft.ai/events/13238-usda-further-trims-its-forecasts-for-us-corn-and-soybeans.md) | +4.7% | +7.7% |
| SOY | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -1.1% | -7.8% |
| SOY | 2023-09-13 | [USDA  Maintains 2023-'24 Forecast for Soybean Oil Use in Biofuel - World-Energy](https://feedsoft.ai/events/15275-usda-maintains-2023-24-forecast-for-soybean-oil-use-in-biofuel-world-energy.md) | -1.2% | -4.5% |
| WHEAT | 2019-11-12 | [WASDE Lowers Wheat, Corn and Soybean Forecasts \| AgWired](https://feedsoft.ai/events/56021-wasde-lowers-wheat-corn-and-soybean-forecasts-agwired.md) | +3.4% | +0.5% |
| WHEAT | 2018-05-10 | [USDA predicts lower carryover for corn, wheat and soybeans \| World-grain.com \| May 10, 2018 19:23 \| World Grain](https://feedsoft.ai/events/64970-usda-predicts-lower-carryover-for-corn-wheat-and-soybeans-world-grain-com-may.md) | -1.0% | +2.7% |
| WHEAT | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -2.7% | +0.0% |

## Sources

- argenfields.com: https://www.argenfields.com/en/noticias/banco-mundial-preve-subas-de-18-para-la-soja-y-28-para-el-trigo-bc5d1a

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