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Grain Market Outlook Q4 2026: Wheat, Corn and Soybean Industry Report

Wheat, corn, barley, soybeans and rice, and a Black Sea corridor that still will not clear.

  • The Black Sea premium: Why the corridor still is not shipping normally, what rerouting does and does not solve, and what a settlement would mean for price.
  • Bullish and bearish drivers: Tightening European balances and a failed corn crop against early harvest pressure and funds unwinding their long soybean positions.
  • Four quarters of outlook: Wheat, corn, barley and soybeans quarter by quarter, the one report in the set that runs to Q3 2027.
Market Outlook · Grains

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AldiAryztaBaker & BakerBarry CallebautBiscuit InternationalBungeCargillDanoneFerreroFutura FoodsGourmandKerryKraft HeinzLantmännenMademoiselle DessertsMarsMead JohnsonMondelēzNestléOlamOleofinosRemiaSachsen-MilchSainsbury'sSavenciaTony's ChocolonelyUnileverUniversal NutritionVandemoorteleZaanse SchansAAKArlaAssociated British FoodsCSMGeneral MillsHuelKodiakLand O'LakesMagnumMannerMüllerPerfetti Van MellePuratosUpfieldXXL NutritionOats OvernightUpfrontGlanbia Performance Nutrition1440 FoodsSimply Good FoodsJocko FuelAldiAryztaBaker & BakerBarry CallebautBiscuit InternationalBungeCargillDanoneFerreroFutura FoodsGourmandKerryKraft HeinzLantmännenMademoiselle DessertsMarsMead JohnsonMondelēzNestléOlamOleofinosRemiaSachsen-MilchSainsbury'sSavenciaTony's ChocolonelyUnileverUniversal NutritionVandemoorteleZaanse SchansAAKArlaAssociated British FoodsCSMGeneral MillsHuelKodiakLand O'LakesMagnumMannerMüllerPerfetti Van MellePuratosUpfieldXXL NutritionOats OvernightUpfrontGlanbia Performance Nutrition1440 FoodsSimply Good FoodsJocko Fuel

What's inside

What you'll find in this report

The Black Sea premium

Why the corridor still is not shipping normally, what rerouting does and does not solve, and what a settlement would mean for price.

Bullish and bearish drivers

Tightening European balances and a failed corn crop against early harvest pressure and funds unwinding their long soybean positions.

Four quarters of outlook

Wheat, corn, barley and soybeans quarter by quarter, the one report in the set that runs to Q3 2027.

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Who is this report for?

Procurement managers, buyers, and category leads at food and beverage companies who need forward-looking market intelligence to plan purchases and manage price risk.

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How often are these reports updated?

Market Outlooks are published every quarter; the mid-year report is the edition that opens Q3. Recap and Forecast reports are published annually. Buying Guides are updated as market conditions change significantly.

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