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Plataforma Tierra's quarterly analysis says energy costs pressured Spain's agri-food sector in Q3 2026, with Brent averaging $116.8 a barrel in September and European gas up 63% on Q2. Spanish CPI reached 4.9% in September, food and non-alcoholic beverages rose 2.7%, and the winter cereal estimate was cut 21% to 15.8 million tonnes.
Higher energy and fertiliser costs raise feed production and farm input costs, and the smaller Spanish winter cereal crop tightens domestic barley and wheat supply for feed users.
hortidaily.esNov 4, 2026After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
Not enough comparable past events yet for a historical read.
After 57 past bullish macro events, Wheat (SRW) moved a median +0.3% over 5 sessions (65% higher; middle half -0.5% to +1.7%), and -0.7% 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.
