| Name | Value | Date | Basis | Source |
|---|---|---|---|---|
| Corn | $4.97/bu | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| Soybeans | $12.77/bu | November 2026 futures | CME Group via Yahoo Finance ↗ | |
| Soybean meal | $347.00/US ton | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| Soybean oil | $0.6863/lb | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| SRW wheat | $6.83/bu | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| HRW wheat | $7.34/bu | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| Live cattle | $221.40/cwt | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| Feeder cattle | $331.07/cwt | November 2026 futures | CME Group via Yahoo Finance ↗ | |
| Lean hogs | $70.08/cwt | December 2026 futures | CME Group via Yahoo Finance ↗ |
A strengthening El Niño event, combined with fertilizer shortages, geopolitical tensions, and elevated energy costs, could push global food and feed commodity prices up by 14–16%, according to procurement consultancy Beroe. Key feed ingredients including corn, vegetable oils, and sugar face varying levels of supply and price risk, with the full market impact potentially not materialising until 2028.
Corn futures pulled back toward technical support on September 23, 2026, erasing Monday's gains, while a USDA daily export sale to Mexico, a high-stakes Xi-Trump summit in Washington, a proposed U.S. diesel export ban, and a projected 70% surge in global biofuel output by 2030 combined to create a complex backdrop for feed-grain and oilseed markets.
A stronger US dollar, rising exchange stocks, and weather-driven supply concerns across key producing regions pushed soft commodity futures lower on 23 September 2026, according to ADM Investor Services (ADMIS). Cotton, coffee, and cocoa all faced headwinds, while sugar held gains amid broad output concerns linked to El Niño and ethanol demand in Brazil.
Ukraine's Cabinet of Ministers Resolution No. 675 introduces mandatory producer-register verification for rapeseed exporters from 1 July 2026 and soybean exporters from 1 September 2026, replacing chamber-of-commerce certificates as the basis for export-duty exemptions. The change raises working-capital and administrative costs for traders and is already contributing to a modest convergence of Ukrainian rapeseed prices toward EU benchmarks.
Pakistan's Trading Corporation of Pakistan (TCP) has tendered for 750,000 tonnes of 2026-crop milling wheat on CFR Karachi/Gwadar terms at around USD 320–325 per tonne, but the high landed cost of imports — compounded by freight, port charges, and currency weakness — is expected to support rather than ease domestic wheat prices. Global benchmark prices from Ukraine, the EU, and the US have softened modestly in September, but analysts note Pakistan's firmness is driven by internal cost and currency dynamics rather than global supply tightness.
Chicago December wheat futures settled lower on September 21, 2026, but a combination of solid US export sales and persistent Black Sea supply disruption risks is preventing a deeper price correction, according to CMB News.
The Philippines is exploring a more diversified aquafeed ingredient base as El Niño, global supply disruptions, and import dependence increase pressure on conventional feed sources, according to Ateneo de Manila University associate professor Janice A. Ragaza.
The U.S. International Development Finance Corporation has approved a US$500 million counter-guarantee facility for the IFC's Global Trade Finance Program, which could support up to US$20 billion in U.S. exports to emerging markets and ease African banks' ability to finance purchases of U.S. agricultural commodities, including grains, soybeans and animal feed.
The U.S. Soybean Export Council convened two aquaculture feed formulation workshops in Bali in August 2026, bringing together commercial formulators and nutritionists from Bangladesh and eight Southeast Asian markets to build practical feed design skills around reliable ingredients including U.S. soy.
Palm oil prices face near-term downward pressure after Malaysia reported higher August inventories and weaker exports, while speculation mounts that India could reduce import duties on edible oils, adding further headwinds to global palm prices.
Grain futures moved higher overnight on September 16, 2026, led by a surging soybean meal market that reached a 2.5-year high. Corn, soybeans, and wheat also posted gains, while market participants awaited the Federal Reserve's anticipated interest rate decision. Ongoing heavy rainfall in the Corn Belt, elevated crude oil prices tied to Middle East supply disruptions, and developing U.S.-China trade talks added further context to commodity market moves.
A rapidly intensifying El Niño is tightening water levels at the Panama Canal and prompting precautionary draft restrictions, according to an analysis by agribusiness consultant Alê Delara published by CZ App on 17 September 2026. The weather event could raise US Gulf-to-Asia shipping costs, eroding US soybean and corn competitiveness and redirecting Asian demand toward Brazil — but the same climate risks that could lift Brazilian export premiums also threaten its domestic harvest and push up farm input costs.
