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The World Bank's October Commodity Markets Outlook projects grain prices rose 14.1% in 2026 and will rise a further 9.3% in 2027, with wheat up about 14%. Global wheat exports are forecast to fall 7% in 2026/27, with Ukraine down 11% and Russia down 8%.
Attacks on Black Sea shipping and high energy costs are cited as the main drivers.
Lower Black Sea export volumes tighten global wheat supply and support prices, raising feed grain costs for buyers. High energy costs also lift processing and transport expenses across the feed chain.
cenyrolnicze.plPaweł HetnałNov 3, 2026After 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 1,039 past bullish report events, CORN moved a median +0.6% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
