Global agriculture prices are rising rapidly:
The Bloomberg Agriculture Spot Index surged +11.5% in Q3 2026, its largest quarterly increase since Q1 2022 and 4th-largest increase in 10 years.
This index tracks 10 key agricultural commodities, including grains, sugar, dairy, meat, and vegetable oils.
Corn and wheat prices in Chicago alone both surged +15.0%, while soybeans gained +13.0%.
Over the last year, agricultural prices have now risen +20.0%.
Global food inflation pressures are intensifying.