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.

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