Published on May 4, 2026
Key Drivers:
Conflict in the Persian Gulf is driving petroleum and biofuel prices higher, leading futures to remain elevated through year-end.
Recent USDA projections indicate that global oilseed production and inventories are continuing to build.
Outlook: Soybean prices are expected to decline once energy markets achieve greater stability.
Key Drivers:
The Iran conflict has become the primary influence on grain prices; wheat prices are up 15% since the conflict began.
Extreme dryness in the Plains resulted in the lowest winter wheat crop rating in three years as of early April.
Despite regional challenges, USDA estimates show an overall increase in ending stocks to multi-year highs.
Outlook: Wheat prices are buoyed by world events, but current bearish fundamentals may pressure prices long-term.
Key Drivers:
Reduced sugar imports are forecast to lower year-end stocks-to-use to 15%, down from 20% last year.
High U.S. cane sugar prices have slowed domestic deliveries and encouraged higher import volumes.
Despite record domestic cane stocks, U.S. processors are maintaining high price levels as imports push inventories higher.
Outlook: Processors are keeping prices high while imports replenish inventories, maintaining a steady market trend.
This comprehensive research empowers you to make informed business decisions. The information contained in this monthly market update is for informational purposes only. It represents our best estimates of commodity market conditions and is subject to change without notice. While we strive to provide accurate information, Gordon Food Service cannot guarantee the completeness or accuracy of the content. Any reliance you place on this information is strictly at your own risk.
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