Published on September 8, 2026
Key Drivers:
Prices remain elevated as world petroleum trade is disrupted; futures are not expected to decline for at least twelve months.
Soybean oil prices have shifted from a pre-war range of $0.45-$0.55/lb to a current range of $0.60-$0.80/lb.
Outlook:Soybean oil prices remain elevated as world petroleum trade is disrupted.
Key Drivers:
The U.S. is seeing its smallest wheat crop since 1970, and conflict between Russia and Ukraine continues to limit Black Sea exports.
Recent crop tours are reporting lower corn yield potential, which is putting additional upward pressure on wheat prices.
Outlook: End users will have to wait until the crop size is known to add to their 2026/27 sugar coverage.
Key Drivers:
Poor growing weather, including spring freezes, drought, and record summer heat, has created uncertainty regarding the upcoming harvest.
Several processors have stopped offering 2026/27 contracts, and world sugar prices jumped 3 cents in August.
Outlook: End users will have to wait until the crop size is known to add to their 2026/27 sugar coverage.
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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