Sorghum
10· no cut expectedCropUSDA: 850,000 t in 2026/27, up 14.9% on last year, 1% of the world's
TradeImports 25,000 t
NewsNo reports in our sources in the last 14 days
Why 10
- +10 USDA expects a crop 15% bigger than last year's: room for a cut
Commodity watch · updated Nov 13, 7:44 AM EST
Chad: 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.
Millet
5· no cut expectedCropUSDA: 670,000 t in 2026/27, up 6.3% on last year, 2% of the world's
TradeNo exports or imports to speak of
NewsNo reports in our sources in the last 14 days
Why 5
- +5 USDA expects a crop 6% bigger than last year's
Peanuts
0· no cut expectedCropUSDA: 750,000 t in 2026/27, down 0% on last year, 2% of the world's
TradeNo exports or imports to speak of
MarketGroundnuts $1,600/mt in October, up 2.4% on the month, up 33.3% on the year, the highest since February 2025
NewsNo reports in our sources in the last 14 days
Peanut meal
0· no cut expectedCropUSDA: 84,000 t in 2026/27, down 0% on last year, 1% of the world's
TradeNo exports or imports to speak of
Peanut oil
0· no cut expectedCropUSDA: 64,000 t in 2026/27, down 0% on last year, 1% of the world's
TradeNo exports or imports to speak of
MarketGroundnut oil $1,850/mt in October, down 0.5% on the month, up 13.6% on the year, the lowest since August 2026
NewsNo reports in our sources in the last 14 days
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 $3.2 billionFed. Rep. of Germany (...1990) 31%, China 23%, France 20%, Netherlands 15%
- Cotton $36 millionIndia 98%, Indonesia 1.1%, Turkey 1%, China 0.3%
- Cottonseed $273,000Kenya 100%
- Natural rubber $267,000United States 100%
- Beef $112,000Angola 100%
- Gold $102,000Kuwait 100%
Where its commodities come from
Its biggest commodity imports in 2024 and where they come from, by value.
- Sugar $14 millionEgypt 52%, Poland 23%, Morocco 9.7%, Niger 9.6%
- Tea $11 millionChina 75%, Kenya 25%, Sri Lanka 0.3%, France 0.2%
- Chicken $6.1 millionBrazil 94%, Netherlands 2%, France 1.5%, Turkey 1.5%
- Palm oil $3.7 millionNiger 99%, Malaysia 0.7%
- Whole milk powder $1.9 millionNetherlands 96%, Fed. Rep. of Germany (...1990) 3.6%, France 0%, Belgium-Luxembourg (...1998) 0%
- Rice $1.5 millionChina 98%, France 1.5%, Belgium-Luxembourg (...1998) 0.2%
- Cheese $449,000France 78%, Belgium-Luxembourg (...1998) 13%, Morocco 4.7%, Netherlands 3.2%
- Sorghum $435,000United States 100%
- Orange juice $402,000Spain 91%, France 3.3%, Belgium-Luxembourg (...1998) 3%, Netherlands 2.2%
- Potash $268,000Fed. Rep. of Germany (...1990) 100%, Colombia 0%
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).