
The World Bank’s Commodity Markets Outlook projects its average grain price index to rise 14.1% in 2026 and a further 9.3% in 2027. It forecasts wheat prices up 28% in 2026 and 14% in 2027, and corn up 10% and 5%, respectively, while speculative selling has put Chicago and Paris grain futures under pressure.
The World Bank cites logistical risks, production costs and El Niño as potential constraints on supply, which would support grain prices. The bullish forecasts contrast with near-term futures weakness, so feed buyers face uncertainty over whether supply risks or selling pressure will dominate.
After 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 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.
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.