Market Reports

Official forecasts and supply/demand estimates are some of the biggest single drivers of short-term price moves in agriculture - a report release day routinely moves prices more than a week of ordinary trading. This page collects the ones worth watching.

FAO Food Price Index

The UN FAO's monthly index of international food commodity prices - the closest thing to a single number for "is food getting more or less expensive worldwide."

The index stood at 130.3 in June 2026, +1.7% from a year earlier.

• Cereals: 110.2
• Vegetable Oils: 192.0
• Dairy: 117.4
• Meat: 131.0
• Sugar: 89.7

Base period 2014-2016 = 100. Source: FAO.

USDA WASDE

The World Agricultural Supply and Demand Estimates report, published monthly by the USDA, is the most closely watched forecast in global agriculture - it's the official US government estimate of production, consumption, stocks and season-average prices for the year ahead, for both US and world markets.

Wheat

USDA's WASDE report projects a $6.00/bu season-average price for the 2026/27 marketing year (+19% vs. $5.06/bu estimated for 2025/26).

Corn

USDA's WASDE report projects a $4.40/bu season-average price for the 2026/27 marketing year (+6% vs. $4.15/bu estimated for 2025/26).

Soybeans

USDA's WASDE report projects a $11.40/bu season-average price for the 2026/27 marketing year (+10% vs. $10.40/bu estimated for 2025/26).

USDA PSD Online — Global Stocks-to-Use

The stocks-to-use ratio is how big the world's carryover stockpile of a commodity is compared with how much of it gets used in a year. A low ratio means a thin cushion — a poor harvest or an export disruption has more room to move prices; a high ratio means more slack to absorb bad news.

• Wheat: 26.4% for 2026/27 (2025/26: 26.7%)
• Corn: 18.1% for 2026/27 (2025/26: 19.6%)
• Soybeans: 19.6% for 2026/27 (2025/26: 20.3%)
• Rice: 31.9% for 2026/27 (2025/26: 33.3%)
• Coffee: 6.2% for 2025/26 (2024/25: 6.7%)
• Rapeseed (Canola): 10.6% for 2026/27 (2025/26: 10.3%)
• Sorghum: 5.4% for 2026/27 (2025/26: 5.4%)
• Groundnuts (Peanuts): 7.2% for 2026/27 (2025/26: 7.9%)
• Groundnut Oil: 6.1% for 2026/27 (2025/26: 6%)
• Coconut Oil: 11.9% for 2026/27 (2025/26: 13%)
• Soybean Oil: 7.7% for 2026/27 (2025/26: 7.4%)
• Soybean Meal: 5.3% for 2026/27 (2025/26: 5.2%)
• Palm Oil: 12% for 2026/27 (2025/26: 12.5%)
• Sunflower Oil: 7.9% for 2026/27 (2025/26: 7.3%)

Ending stocks divided by total use (domestic consumption plus exports), USDA current marketing-year estimate. Source: USDA FAS PSD Online.

Other Market Reports

A few more official sources worth knowing about:

• IMF Primary Commodity Price System — Monthly reference prices for a broad range of globally traded commodities.
• EU JRC MARS Bulletin — Monthly European crop condition and yield forecasts from the EU's Joint Research Centre, published as PDF reports.