Agricultural prices decreased 3.7% month on month in July, following June’s 3.1% fall.
Agricultural prices fell for the fifth consecutive month in July. Six of the nine agricultural commodities tracked by our panelists traded lower month on month than in June, pushing aggregate prices for the agricultural complex to an 11-month low. Among grains, corn, soybeans and rice traded lower year on year on ample supply, while wheat prices remained below levels seen in recent years as markets continued to expect supply to outstrip demand. Strong production also kept sugar prices near June’s four-year low. Meanwhile, weakening demand weighed on cocoa prices, while Brazil’s advancing harvest capped coffee prices.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rice | - | - | 588 | 609 | 638 | 620 | 589 | 520 | 455 | 420 | - | - |
| Sugar ISA | - | - | 24.61 | 24.52 | 22.10 | 19.55 | 19.36 | 20.19 | 18.65 | 17.53 | - | - |
| Wool AWEX EMI | - | - | 1,155 | 1,160 | 1,174 | 1,147 | 1,109 | 1,137 | 1,203 | 1,215 | - | - |
| Palm Oil | - | - | 961 | 927 | 999 | 1,037 | 1,082 | 1,353 | 1,475 | 1,303 | - | - |
| Wheat CBOT | - | - | 627 | 585 | 578 | 611 | 551 | 562 | 558 | 537 | - | - |
| Cocoa ICCO | - | - | 3,470 | 4,011 | 5,750 | 8,657 | 6,803 | 8,285 | 9,558 | 8,521 | - | - |
| Coffee Arabica | - | - | 156 | 170 | 184 | 219 | 246 | 289 | 376 | 366 | - | - |
| Cotton ICE | - | - | 85.70 | 81.18 | 89.48 | 77.82 | 69.41 | 70.47 | 66.62 | 66.00 | - | - |
| Corn CBOT | - | - | 489 | 479 | 438 | 445 | 395 | 428 | 474 | 453 | - | - |
| Soybeans CBOT | - | - | 1,392 | 1,316 | 1,198 | 1,188 | 1,036 | 995 | 1,028 | 1,045 | - | - |