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The World Bank food price index eased in October after a three-year high in September but remained 15% above a year earlier. Grain prices rose 9% in the third quarter on Black Sea attacks, dry weather in major exporters and an early strong El Niño, with maize up 8% and wheat up 13%.
USDA's November update projects global grain supplies to fall by about 20 million tonnes in 2026-27.
Shrinking grain supplies and tighter inventories support corn and wheat prices, which raises feed costs for livestock and feed buyers. The World Bank sees food prices rising further in 2026 and 2027, with risks skewed to the upside.
blogs.worldbank.orgJohn Baffes, Dawit Mekonnen, Kaltrina TemajNov 12, 2026After 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 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.
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.
