Agricultural prices increased 6.5% month on month in July, following June’s 5.3% fall.
In July, agricultural prices bounced back to their highest average in just under a year and a half, with all but one of the nine commodities tracked by our panel trading higher month on month, on average. The collapse of the U.S.-Iran truce and intensifying attacks by Russia and Ukraine led to renewed disruptions along key shipping routes, with the former lending support to demand for biofuel, derived from sugar, soybeans and palm oil. Moreover, adverse weather conditions—particularly drought in the Northern Hemisphere—amid the arrival of El Niño weather conditions weakened the supply outlook for several agricultural commodities grown in Asia and the Americas.
This chart displays Wheat (US¢/bu) from 2024 to 2026.
Agricultural Historical Price Data
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Palm Oil | - | - | 1,082 | 1,353 | 1,475 | 1,303 | 1,334 | 1,310 | 1,361 | 1,524 | - | - |
| Rice | - | - | 589 | 520 | 455 | 420 | 383 | 380 | 402 | 441 | - | - |
| Cotton ICE | - | - | 69.41 | 70.47 | 66.62 | 66.00 | 65.77 | 63.95 | 64.56 | 76.81 | - | - |
| Sugar ISA | - | - | 19.36 | 20.19 | 18.65 | 17.53 | 16.51 | 14.75 | 14.51 | 14.74 | - | - |
| Cocoa ICCO | - | - | 6,803 | 8,285 | 9,558 | 8,521 | 7,324 | 5,800 | 3,960 | 3,968 | - | - |
| Coffee Arabica | - | - | 246 | 289 | 376 | 366 | 335 | 369 | 325 | 293 | - | - |
| Wheat CBOT | - | - | 551 | 562 | 558 | 537 | 525 | 523 | 555 | 610 | - | - |
| Soybeans CBOT | - | - | 1,036 | 995 | 1,028 | 1,045 | 1,015 | 1,078 | 1,120 | 1,165 | - | - |
| Corn CBOT | - | - | 395 | 428 | 474 | 453 | 403 | 433 | 440 | 446 | - | - |