Agricultural prices decreased 3.5% month on month in March, following February’s 3.8% rise.
Virtually all agricultural commodities tracked by our panelists traded lower in March. Prices for heavyweights corn, soybeans and wheat eased on the back of retaliatory Chinese tariffs on U.S. exports plus market fears over a spiraling global trade war. Sugar prices lost momentum after India decided to allow sugar exports this year and improving weather in top exporter Brazil curbed supply woes. Coffee, cocoa and rice also traded lower in March on an improving supply outlook. Meanwhile, weak demand and expected tariffs on U.S. exports undercut cotton prices. On the flipside, stronger demand plus weaker Malaysian supply pushed up prices for palm oil.
This chart displays Wheat (US¢/bu) from 2023 to 2025.
Agricultural Historical Price Data
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sugar ISA | - | 24.71 | 24.61 | 24.52 | 22.10 | 19.55 | 19.36 | 20.19 | 18.65 | - | - | - |
| Wool AWEX EMI | - | 1,244 | 1,155 | 1,160 | 1,174 | 1,147 | 1,109 | 1,137 | 1,203 | - | - | - |
| Palm Oil | - | 955 | 961 | 927 | 999 | 1,037 | 1,082 | 1,353 | 1,475 | - | - | - |
| Rice | - | 507 | 588 | 609 | 638 | 620 | 589 | 520 | 455 | - | - | - |
| Corn CBOT | - | 617 | 489 | 479 | 438 | 445 | 395 | 428 | 474 | - | - | - |
| Soybeans CBOT | - | 1,427 | 1,392 | 1,316 | 1,198 | 1,188 | 1,036 | 995 | 1,028 | - | - | - |
| Wheat CBOT | - | 650 | 627 | 585 | 578 | 611 | 551 | 562 | 558 | - | - | - |
| Cocoa ICCO | - | 2,954 | 3,470 | 4,011 | 5,750 | 8,657 | 6,803 | 8,285 | 9,559 | - | - | - |
| Coffee Arabica | - | 186 | 156 | 170 | 184 | 219 | 246 | 289 | 376 | - | - | - |
| Cotton ICE | - | 82.01 | 85.70 | 81.18 | 89.48 | 77.82 | 69.41 | 70.47 | 66.62 | - | - | - |