Agricultural Commodities Price Outlook Economic Forecast

Agricultural Commodities Price Outlook

Ample supplies drive down price outlook

FocusEconomics analysts lowered their agriculture price forecasts this month and now see the agricultural commodity index averaging 124.4 in Q4 2017, which is below last month’s 124.7 projection and 7.1% higher than the same quarter last year. In 2018, the index is seen rising and averaging 128.7 in Q4.

Behind this month’s downward revision for Q4 2017 are lower prices for five commodities, including wheat and cocoa.  Ample supply are helping to keep prices in check. However, higher prices are projected for four commodities. 

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Agricultural Historical Price Data

2012  2013  2014  2015  2016  
Corn698.6  598.06  397.77  361.72  343.92  
Oats367.32  387.48  402.11  284.65  255.52  
Soybeans1454.53  1419.78  1250.72  936.31  968.21  
Wheat749.42  699.94  578.22  481.76  431.09  
Cocoa2390.93  2441.23  3064.48  3136.98  2893.27  
Coffee175.1  122.21  171.43  132.27  137.88  
Cotton74.43  79.63  73.38  61.47  64.13  
Sugar21.54  17.69  16.99  13.43  18.08  
Wool1088.33  1071.7  1047.33  1198.43  1293.69  

Note:
Corn prices in USD cents per bushel (bu).
Oats prices in USD cents per bushel (bu).
Soybeans prices in USD cents per bushel (bu).
Wheat prices in USD cents per bushel (bu).
Cocoa prices in USD per metric ton (mt).
Coffee prices in USD cents per pound (lb).
Cotton prices in USD cents per pound (lb).
Sugar prices in USD cents per pound (lb).
Wool prices in AUD cents per kilogram (kg).
All prices are average of period (aop).

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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