Sorghum
5· no cut expectedCropUSDA: 1.1 million t in 2026/27, up 5% on last year, 2% of the world's
TradeExports 5,000 t; imports 1,000 t
NewsNo reports in our sources in the last 14 days
Why 5
- +5 USDA expects a crop 5% bigger than last year's
Commodity watch · updated Nov 13, 7:44 AM EST
Bolivia: commodities
For every crop USDA forecasts and every country that matters for it: USDA's crop outlook, the weather forecast over the main growing regions at the crop's stage, trade, prices and hedge funds' bets, and how much our sources are saying about it. A plain score from 0 to 100 says how much the supply looks at risk, and when the risk is real but the news is quiet, the watch raises a flag. Now: 800 cards for 62 commodities, 5 flagged.
Soybean oil
0· no cut expectedCropUSDA: 612,000 t in 2026/27, up 4.8% on last year
TradeExports 515,000 t, 3% of the world's; imports 2,000 t
MarketSoybean oil $1,546/mt in October, down 4.3% on the month, up 36.6% on the year, the lowest since March 2026
NewsNo reports in our sources in the last 14 days
Soybean meal
0· no cut expectedCropUSDA: 2.5 million t in 2026/27, up 4.8% on last year
TradeExports 2 million t, 2% of the world's; bought 0 t of US soybean meal in the week to Oct 29; 0 t shipped this marketing year (0 t a year earlier)
MarketSoybean meal $453/mt in October, up 1.3% on the month, up 27.2% on the year, the highest since July 2024
NewsNo reports in our sources in the last 14 days
Bought from the US
USDA's weekly export sales, the week to October 29, 2026: new sales less cancellations, and this marketing year's shipments.
| Commodity | This week | Shipped this year |
|---|---|---|
| soybean meal | 0 t | 0 ta year earlier 0 |
Who buys its commodities
Its biggest commodity exports (farm, energy, metals) in 2024 and their main buyers, by value (CEPII BACI, January 2026 release, from UN trade statistics; Etalab Open Licence 2.0).
- Natural gas $1.6 billionBrazil 77%, Argentina 24%
- Gold $759 millionIndia 48%, United Arab Emirates 39%, Turkey 9.5%, China, Hong Kong SAR 2.3%
- Tin $691 millionNetherlands 32%, United Kingdom 17%, United States 11%, Fed. Rep. of Germany (...1990) 8%
- Soybean meal $586 millionPeru 38%, Colombia 37%, Ecuador 10%, Chile 7%
- Soybean oil $401 millionColombia 44%, Ecuador 25%, Peru 25%, Chile 3.8%
- Silver $228 millionCanada 96%, Brazil 1.2%, China, Hong Kong SAR 1.1%, Bulgaria 0.7%
- Beef $183 millionChina 92%, China, Hong Kong SAR 4.6%, Peru 1.7%, Ecuador 1.3%
- Urea $140 millionBrazil 62%, Paraguay 18%, Argentina 15%, Peru 5.1%
- Sunflower oil $100 millionEcuador 54%, Colombia 28%, Peru 8.1%, Dominican Rep. 3.3%
- Soybeans $87 millionPeru 50%, Argentina 24%, Angola 18%, Malaysia 4.7%
Where its commodities come from
Its biggest commodity imports in 2024 and where they come from, by value.
- Gold $143 millionTurkey 100%, United States 0.1%, Australia 0%, Switzerland 0%
- Crude oil $106 millionArgentina 79%, Br. Virgin Isds 14%, Peru 4.4%, Paraguay 2.6%
- DAP fertilizer $19 millionUnited States 33%, Peru 31%, China 22%, Russia 4.8%
- Apples $14 millionChile 58%, Argentina 42%, United States 0.4%
- Sunflower seed $8.5 millionArgentina 97%, United States 1.7%, Brazil 0.7%, Chile 0.4%
- Cocoa $8.2 millionBrazil 59%, Peru 24%, Venezuela 8.4%, China 3.1%
- Wheat $5.8 millionArgentina 63%, Canada 26%, Paraguay 7.4%, United States 3.3%
- Sorghum $5.0 millionUnited States 64%, Brazil 21%, Argentina 14%, Australia 0.1%
- Chicken $4.1 millionBrazil 100%, United States 0.1%
- Cheese $3.7 millionArgentina 64%, Uruguay 23%, Paraguay 8.6%, United States 4.5%
Prices, October 2026
The World Bank's monthly averages in US dollars (the Pink Sheet, updated November 3), against the month before and a year before. Licensed CC BY 4.0.
| Commodity | Price | Month | Year |
|---|---|---|---|
| Energy | |||
| Crude oil, average | 108.5 $/bbl | +6.1% | +72.2% |
| Crude oil, Brent | 125 $/bbl | +7% | +93.2% |
| Crude oil, Dubai | 102.7 $/bbl | +10.1% | +59.7% |
| Crude oil, WTI | 97.7 $/bbl | +0.8% | +62.3% |
| Coal, Australian | 152.3 $/mt | +3.5% | +41.7% |
| Coal, South African | 100 $/mt | +1.8% | +9.2% |
| Natural gas, US | 2.96 $/mmbtu | +0.3% | −7.5% |
| Natural gas, Europe | 28.5 $/mmbtu | +12.1% | +161.7% |
| Liquefied natural gas, Japan | 16.59 $/mmbtu | +2% | +49.5% |
| Natural gas index | 182.7 2010=100 | +8.9% | +86.2% |
| Beverages | |||
| Cocoa | 5.75 $/kg | −2.9% | −3.4% |
| Coffee, Arabica | 7.4 $/kg | +1.9% | −16.9% |
| Coffee, Robusta | 3.63 $/kg | −1.6% | −23.4% |
| Tea, avg 3 auctions | 2.88 $/kg | +0.7% | −4.3% |
| Tea, Colombo | 3.75 $/kg | +0.5% | −4.8% |
| Tea, Kolkata | 2.55 $/kg | +0.8% | −10.8% |
| Tea, Mombasa | 2.33 $/kg | +1.3% | +4.5% |
| Food | |||
| Coconut oil | 2,029 $/mt | −2.4% | −20.3% |
| Groundnuts | 1,600 $/mt | +2.4% | +33.3% |
| Fish meal | 2,840 $/mt | −2.6% | +60.5% |
| Groundnut oil | 1,850 $/mt | −0.5% | +13.6% |
| Palm oil | 1,120 $/mt | −5.1% | +7.9% |
| Palm kernel oil | 2,287 $/mt | −2.9% | +0.6% |
| Soybeans | 515 $/mt | −1.7% | +27.5% |
| Soybean oil | 1,546 $/mt | −4.3% | +36.6% |
| Soybean meal | 453 $/mt | +1.3% | +27.2% |
| Rapeseed oil | 1,405 $/mt | −2.6% | +11.2% |
| Sunflower oil | 1,413 $/mt | +1.4% | +3.7% |
| Barley | 80.4 $/mtAugust 2020 | — | — |
| Maize | 226.5 $/mt | −5.5% | +14.3% |
| Sorghum | 189.5 $/mtAugust 2020 | — | — |
| Rice, Thai 5% | 489 $/mt | +1.5% | +37.4% |
| Rice, Thai 25% | 472 $/mt | +2.4% | +34.5% |
| Rice, Thai A.1 | 467.4 $/mt | −1.2% | +39.1% |
| Rice, Viet Namese 5% | 413.9 $/mt | −1.1% | +13.2% |
| Wheat, US SRW | 260.3 $/mt | −6.6% | +24.4% |
| Wheat, US HRW | 317 $/mt | −8.6% | +37.3% |
| Banana, Europe | 1.1 $/kg | −1.8% | −2.7% |
| Banana, US | 1.18 $/kg | +5.4% | +4.4% |
| Orange | 0.75 $/kg | −5.1% | −28.6% |
| Beef | 6.83 $/kg | −0.4% | −3.7% |
| Chicken | 1.84 $/kg | +1.7% | +7% |
| Lamb | 7.48 $/kg | +3% | +18.2% |
| Shrimps, Mexican | 8.6 $/kgOctober 2023 | — | — |
| Sugar, EU | 0.37 $/kg | −2.6% | −2.6% |
| Sugar, US | 0.92 $/kg | +8.2% | +19.5% |
| Sugar, world | 0.43 $/kg | +4.9% | +26.5% |
| Raw materials | |||
| Tobacco, US import u.v. | 6,775 $/mtJuly 2026 | — | — |
| Logs, Cameroon | 392.1 $/cubic meter | −2.7% | −3.7% |
| Logs, Malaysian | 188.5 $/cubic meter | −0.9% | −4.1% |
| Sawnwood, Cameroon | 636.8 $/cubic meter | −0.9% | −0.5% |
| Sawnwood, Malaysian | 724.3 $/cubic meter | −1% | −0.5% |
| Plywood | 345.8 cents/sheet | −0.9% | −4.1% |
| Cotton, A Index | 2 $/kg | −4.8% | +19% |
| Rubber, TSR20 | 2.55 $/kg | +5.8% | +49.1% |
| Rubber, RSS3 | 2.83 $/kg | +2.9% | +41.5% |
| Fertilizers | |||
| Phosphate rock | 170 $/mt | 0% | +11.5% |
| DAP | 803.1 $/mt | +0.3% | +6.5% |
| TSP | 692 $/mt | +0.3% | +5.1% |
| Urea | 420 $/mt | +3.1% | +6.5% |
| Potassium chloride | 357.5 $/mt | −2.7% | +1.6% |
| Metals and minerals | |||
| Aluminum | 3,061 $/mt | −6.8% | +9.6% |
| Iron ore, cfr spot | 90.8 $/dmtu | −7.1% | −12.3% |
| Copper | 14,508 $/mt | +0.2% | +35.1% |
| Lead | 1,860 $/mt | −0.7% | −5.5% |
| Tin | 51,696 $/mt | −3.8% | +43.6% |
| Nickel | 15,436 $/mt | −5.4% | +2.3% |
| Zinc | 3,818 $/mt | −5% | +21.1% |
| Precious metals | |||
| Gold | 4,105 $/troy oz | −5% | +1.2% |
| Platinum | 1,621 $/troy oz | −9.1% | +0.3% |
| Silver | 57 $/troy oz | −11.8% | +15.4% |
The record
Each card's score calls USDA's next revision of the country's crop: 50 or more “cut likely”, 30 to 49 “cut possible”, under 30 “no cut expected”. When USDA revises (grains, oilseeds and cotton every month, about the 10th; coffee and sugar twice a year), the last call before it is checked against what USDA did.
| Call | Calls | USDA cut | Raised | Unchanged |
|---|---|---|---|---|
| no cut expected | 403 | 30 | 32 | 341 |
| cut possible | 1 | 0 | 1 | 0 |
Sources
Crop figures: USDA FAS (PSD, Weekly Export Sales). Prices: World Bank Commodity Price Data (The Pink Sheet), CC BY 4.0. Hedge funds: CFTC Commitments of Traders. Weather: MET Norway (CC BY 4.0), normals from NASA POWER. Trade partners: CEPII BACI (Etalab Open Licence 2.0). Crop calendars after USDA FAS's; growing regions are the main ones of each main producer.
The same readings as data, free: GET /api/v1/commodities (and /map, /country/{code}, /prices, /weather, /scorecard).