The recent weeks brought some of the sharpest cost movements we’ve seen in years, and they weren’t confined to one market or one region.
As supply chain teams look towards 2027 planning, see which markets moved, why, and what it could mean for your procurement strategies and upcoming supplier negotiations with Expana’s new US Commodities Market Movers Report.
Markets covered:
Grains: Wheat +13.1% MoM as the US sees smallest harvest since 1970/71. Corn +11.2% MoM on crop stress, macroeconomic volatility and Middle East tensions.
Oilseeds & Vegetable Oils: Soybean +23.1% YoY; Soybean oil +27.3% YoY as Middle East conflict drives crude-linked rally.
Red Meat & Poultry: Beef -10.9% MoM as warm weather killed consumer demand. Chicken -7.9% YoY as supply hit record highs. Pork +8.4% MoM on tighter supply and growing buyer interest.
Dairy: Butter -37.0% YoY. Cheddar -12.4% YoY. NFDM/SMP -13.8% MoM as West Coast production rebounded and inventories built.
Softs: Cocoa +17.5% MoM on El Niño supply fears. Coffee Arabica +14.7% MoM on critically low European stocks and delayed Brazilian arrivals. Sugar +8.5% MoM despite easing weather concerns in India and Brazil.
Fruits, Vegetables & Juices: Orange Juice -55.3% YoY as inventories build and retail demand stays weak. Apples +22.2% YoY on freeze and frost damage tightening East Coast supply.
Nuts: Almonds +26.0% YoY as old-crop tightens and harvest uncertainty keeps sellers cautious.
Packaging: US Steel +38.2% YoY with mills near sold-out and record box shipments. Plastics (HDPE, LDPE, PET) all declining MoM as post-conflict panic buying retreats — though input cost pressure remains elevated YoY.
Read the report to understand the drivers reshaping costs, arm your team with market data for supplier negotiations, and move from reacting to market volatility to planning around it.
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