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Commodity watch · updated Nov 13, 7:44 AM EST

Kazakhstan: 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.

Sunflower oil

10· no cut expected
CropUSDA: 1.1 million t in 2026/27, up 17.4% on last year, 5% of the world's
TradeExports 950,000 t, 6% of the world's; imports 100,000 t
MarketSunflower oil $1,413/mt in October, up 1.4% on the month, up 3.7% on the year, the highest since August 2026
NewsNo reports in our sources in the last 14 days
Why 10
  • +10 USDA expects a crop 17% bigger than last year's: room for a cut

Sunflower seed

10· no cut expected
CropUSDA: 3 million t in 2026/27, up 21.8% on last year, 5% of the world's
WeatherNo weather risk in the next 10 days in the main growing regions
TradeExports 325,000 t, 8% of the world's; imports 150,000 t, 4% of the world's
MarketSunflower oil $1,413/mt in October, up 1.4% on the month, up 3.7% on the year, the highest since August 2026
News1 report in our sources in the last 14 days
Why 10
  • +10 USDA expects a crop 22% bigger than last year's: room for a cut

Sunflower meal

10· no cut expected
CropUSDA: 1.1 million t in 2026/27, up 17.7% on last year, 4% of the world's
TradeExports 875,000 t, 9% of the world's; imports 20,000 t
Why 10
  • +10 USDA expects a crop 18% bigger than last year's: room for a cut

Cottonseed

10· no cut expected
CropUSDA: 186,000 t in 2026/27, up 35.8% on last year
TradeExports 90,000 t, 10% of the world's; imports 5,000 t
NewsNo reports in our sources in the last 14 days
Why 10
  • +10 USDA expects a crop 36% bigger than last year's: room for a cut

Cottonseed oil

10· no cut expected
CropUSDA: 16,000 t in 2026/27, up 45.5% on last year
TradeExports 11,000 t, 18% of the world's
Why 10
  • +10 USDA expects a crop 46% bigger than last year's: room for a cut

Cottonseed meal

10· no cut expected
CropUSDA: 46,000 t in 2026/27, up 39.4% on last year
TradeExports 35,000 t, 13% of the world's
Why 10
  • +10 USDA expects a crop 39% bigger than last year's: room for a cut

Barley

5· no cut expected
CropUSDA: 3.9 million t in 2026/27, up 7.2% on last year, 2% of the world's
TradeExports 1.5 million t, 5% of the world's; imports 50,000 t
NewsNo reports in our sources in the last 14 days
Why 5
  • +5 USDA expects a crop 7% bigger than last year's

Wheat

5· no cut expected
CropUSDA: 15.8 million t in 2026/27, down 18.2% on last year, 2% of the world's; raised 5.3% in November
WeatherNo weather risk in the next 10 days in the main growing regions
TradeExports 9.5 million t, 5% of the world's; imports 1.5 million t
MarketUS HRW wheat $317/mt in October, down 8.6% on the month, up 37.3% on the year, the lowest since July 2026; hedge funds betting on lower prices (87,126 contracts net)
News1 report in our sources in the last 14 days
Why 5
  • +5 USDA raised its estimate 5.3% in November

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.

CommodityThis weekShipped this year
beef0 t15 ta year earlier 7
pork0 t1 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).

  • Crude oil $36 billionItaly 16%, Netherlands 13%, Greece 9.9%, France 9%
  • Gold $8.9 billionUnited Kingdom 61%, Switzerland 31%, Kyrgyzstan 2.7%, Russia 2%
  • Copper $7.4 billionChina 75%, Turkey 19%, Russia 3.4%, Uzbekistan 0.9%
  • Natural gas $1.5 billionChina 91%, Russia 5.3%, Bulgaria 3.8%
  • Coal $1.3 billionPoland 32%, Russia 12%, Italy 8.6%, Morocco 7.8%
  • Wheat $1.2 billionUzbekistan 50%, Tajikistan 22%, China 9.8%, Italy 7.8%
  • Iron ore $783 millionChina 51%, Russia 49%, Kyrgyzstan 0.6%, Canada 0%
  • Silver $770 millionUnited States 31%, United Kingdom 29%, India 23%, United Arab Emirates 7.2%
  • Aluminium $745 millionAzerbaijan 18%, Poland 12%, Greece 11%, Slovenia 10%
  • Zinc $716 millionChina 46%, Russia 32%, Vietnam 8.4%, Turkey 4.7%

Where its commodities come from

Its biggest commodity imports in 2024 and where they come from, by value.

  • Natural gas $771 millionRussia 81%, Turkmenistan 19%, United Kingdom 0%
  • Gold $541 millionRussia 100%, United Kingdom 0%, Italy 0%
  • Copper $455 millionRussia 97%, Tajikistan 2.5%, Finland 0%, Poland 0%
  • Wheat $381 millionRussia 100%, China 0.3%, Uzbekistan 0%, Czechia 0%
  • Sugar $297 millionRussia 93%, Belarus 6.1%, Brazil 0.4%, Lithuania 0.1%
  • Cheese $188 millionRussia 43%, Belarus 31%, Ukraine 8.8%, Lithuania 4.9%
  • Chicken $168 millionRussia 47%, United States 38%, Ukraine 8.4%, Belarus 3.2%
  • Coal $147 millionRussia 99%, United Kingdom 0.6%, Kyrgyzstan 0.1%, United States 0%
  • Cocoa $120 millionGhana 33%, Estonia 29%, Côte d'Ivoire 19%, Netherlands 5.3%
  • Sunflower seed $110 millionRussia 56%, Turkey 13%, United States 9.5%, France 6.2%

Kazakhstan's country page

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.

CommodityPriceMonthYear
Energy
Crude oil, average108.5 $/bbl+6.1%+72.2%
Crude oil, Brent125 $/bbl+7%+93.2%
Crude oil, Dubai102.7 $/bbl+10.1%+59.7%
Crude oil, WTI97.7 $/bbl+0.8%+62.3%
Coal, Australian152.3 $/mt+3.5%+41.7%
Coal, South African100 $/mt+1.8%+9.2%
Natural gas, US2.96 $/mmbtu+0.3%−7.5%
Natural gas, Europe28.5 $/mmbtu+12.1%+161.7%
Liquefied natural gas, Japan16.59 $/mmbtu+2%+49.5%
Natural gas index182.7 2010=100+8.9%+86.2%
Beverages
Cocoa5.75 $/kg−2.9%−3.4%
Coffee, Arabica7.4 $/kg+1.9%−16.9%
Coffee, Robusta3.63 $/kg−1.6%−23.4%
Tea, avg 3 auctions2.88 $/kg+0.7%−4.3%
Tea, Colombo3.75 $/kg+0.5%−4.8%
Tea, Kolkata2.55 $/kg+0.8%−10.8%
Tea, Mombasa2.33 $/kg+1.3%+4.5%
Food
Coconut oil2,029 $/mt−2.4%−20.3%
Groundnuts1,600 $/mt+2.4%+33.3%
Fish meal2,840 $/mt−2.6%+60.5%
Groundnut oil1,850 $/mt−0.5%+13.6%
Palm oil1,120 $/mt−5.1%+7.9%
Palm kernel oil2,287 $/mt−2.9%+0.6%
Soybeans515 $/mt−1.7%+27.5%
Soybean oil1,546 $/mt−4.3%+36.6%
Soybean meal453 $/mt+1.3%+27.2%
Rapeseed oil1,405 $/mt−2.6%+11.2%
Sunflower oil1,413 $/mt+1.4%+3.7%
Barley80.4 $/mtAugust 2020——
Maize226.5 $/mt−5.5%+14.3%
Sorghum189.5 $/mtAugust 2020——
Rice, Thai 5%489 $/mt+1.5%+37.4%
Rice, Thai 25%472 $/mt+2.4%+34.5%
Rice, Thai A.1467.4 $/mt−1.2%+39.1%
Rice, Viet Namese 5%413.9 $/mt−1.1%+13.2%
Wheat, US SRW260.3 $/mt−6.6%+24.4%
Wheat, US HRW317 $/mt−8.6%+37.3%
Banana, Europe1.1 $/kg−1.8%−2.7%
Banana, US1.18 $/kg+5.4%+4.4%
Orange0.75 $/kg−5.1%−28.6%
Beef6.83 $/kg−0.4%−3.7%
Chicken1.84 $/kg+1.7%+7%
Lamb7.48 $/kg+3%+18.2%
Shrimps, Mexican8.6 $/kgOctober 2023——
Sugar, EU0.37 $/kg−2.6%−2.6%
Sugar, US0.92 $/kg+8.2%+19.5%
Sugar, world0.43 $/kg+4.9%+26.5%
Raw materials
Tobacco, US import u.v.6,775 $/mtJuly 2026——
Logs, Cameroon392.1 $/cubic meter−2.7%−3.7%
Logs, Malaysian188.5 $/cubic meter−0.9%−4.1%
Sawnwood, Cameroon636.8 $/cubic meter−0.9%−0.5%
Sawnwood, Malaysian724.3 $/cubic meter−1%−0.5%
Plywood345.8 cents/sheet−0.9%−4.1%
Cotton, A Index2 $/kg−4.8%+19%
Rubber, TSR202.55 $/kg+5.8%+49.1%
Rubber, RSS32.83 $/kg+2.9%+41.5%
Fertilizers
Phosphate rock170 $/mt0%+11.5%
DAP803.1 $/mt+0.3%+6.5%
TSP692 $/mt+0.3%+5.1%
Urea420 $/mt+3.1%+6.5%
Potassium chloride357.5 $/mt−2.7%+1.6%
Metals and minerals
Aluminum3,061 $/mt−6.8%+9.6%
Iron ore, cfr spot90.8 $/dmtu−7.1%−12.3%
Copper14,508 $/mt+0.2%+35.1%
Lead1,860 $/mt−0.7%−5.5%
Tin51,696 $/mt−3.8%+43.6%
Nickel15,436 $/mt−5.4%+2.3%
Zinc3,818 $/mt−5%+21.1%
Precious metals
Gold4,105 $/troy oz−5%+1.2%
Platinum1,621 $/troy oz−9.1%+0.3%
Silver57 $/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.

CallCallsUSDA cutRaisedUnchanged
no cut expected4033032341
cut possible1010

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).