
The World Bank projected that commodity prices would rise 23% in 2026 and fall 7% in 2027, citing the Middle East conflict, disruptions to grain shipments and El Niño. It forecast a 32% rise in energy prices, a 14% increase in fertilizer prices, and gains of about 10% for food staples, including projected increases of 28% for wheat and 10% for corn.
Higher energy and fertilizer costs can lift crop production and transport expenses, while conflict-related shipping disruption and El Niño could constrain supply. The projections imply upward price pressure for wheat, corn and fertilizers in 2026.
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.
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.
After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), 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.