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The World Bank's Commodity Markets Outlook, published October 28, 2026, projects 2026 price increases of 28% for wheat, 18% for soybeans and 14% for fertilizers. It attributes the pressures to the Middle East conflict, Black Sea trade disruptions, biofuel demand and El Niño risks.
A forecast of higher wheat, soy and fertilizer prices raises feed input costs for Latin American importers, while exporters may gain; the report is a forecast rather than a new supply shock.
app.usesandia.comNov 3, 2026After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% 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.
