# Food prices climb as conflicts and El Niño tighten grain supplies

> 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.

- Date: 2026-11-12 · published 2026-11-12T21:12:57.478Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/96537-food-prices-climb-as-conflicts-and-el-nino-tighten-grain-supplies
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-22 | [North America faces high feed prices, tight grain supply \| Feed Strategy](https://feedsoft.ai/events/41977-north-america-faces-high-feed-prices-tight-grain-supply-feed-strategy.md) | -0.2% | -2.1% |
| CORN | 2026-05-21 | [Corn Supply Falls While Feed Grain Prices Rise - RFD-TV](https://feedsoft.ai/events/19340-corn-supply-falls-while-feed-grain-prices-rise-rfd-tv.md) | -0.8% | -7.6% |
| CORN | 2021-05-05 | [Prices higher, corn continues tight: IGC - Grain Central](https://feedsoft.ai/events/47118-prices-higher-corn-continues-tight-igc-grain-central.md) | +1.4% | -4.0% |
| CORN | 2026-05-08 | [Global food prices up for third straight month \| World Grain](https://feedsoft.ai/events/10152-global-food-prices-up-for-third-straight-month-world-grain.md) | +1.3% | -3.8% |
| CORN | 2021-01-15 | [Corn set for biggest weekly gain since July as global supplies tighten - Markets - Business Recorder](https://feedsoft.ai/events/49183-corn-set-for-biggest-weekly-gain-since-july-as-global-supplies-tighten-markets.md) | -0.1% | +3.6% |
| WHEAT | 2022-05-12 | [Tightening US and World Wheat Supplies Send Wheat Futures Prices to Near Limit Gains](https://feedsoft.ai/events/41347-tightening-us-and-world-wheat-supplies-send-wheat-futures-prices-to-near-limit.md) | +5.9% | +0.7% |
| WHEAT | 2026-05-28 | [Analyst insight: UK grain supplies tightening \| AHDB](https://feedsoft.ai/events/19332-analyst-insight-uk-grain-supplies-tightening-ahdb.md) | -2.8% | +0.2% |
| WHEAT | 2021-05-05 | [Prices higher, corn continues tight: IGC - Grain Central](https://feedsoft.ai/events/47118-prices-higher-corn-continues-tight-igc-grain-central.md) | +5.2% | -1.0% |

## Sources

- blogs.worldbank.org: https://blogs.worldbank.org/en/opendata/food-prices-climb-as-conflicts-and-el-nino-tighten-grain-supplie

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.