Commonground
Senior Moderator
THURSDAY, OCT 01, 2026
The Bloomberg Agriculture Spot Index (BCOMAGSP) posted its largest quarterly gain since Russia invaded Ukraine in early 2022, as Black Sea disruptions, a crisis in the Strait of Hormuz, and mounting El Niño risks have formed what could be considered a perfect storm poised to drive food prices higher.
BCOMAGSP, which tracks 10 major crops including corn, soybeans, wheat, coffee, sugar, cotton, cocoa, and others, jumped 13% in the third quarter.
-snip-
For central banks already grappling with a deepening global bond rout, surging diesel and crop prices threaten to make inflationary pressures rather sticky. The refined-products crisis is raising the cost of producing and transporting food, while higher crop prices risk feeding through to grocery bills next
year.
www.zerohedge.com
The Bloomberg Agriculture Spot Index (BCOMAGSP) posted its largest quarterly gain since Russia invaded Ukraine in early 2022, as Black Sea disruptions, a crisis in the Strait of Hormuz, and mounting El Niño risks have formed what could be considered a perfect storm poised to drive food prices higher.
BCOMAGSP, which tracks 10 major crops including corn, soybeans, wheat, coffee, sugar, cotton, cocoa, and others, jumped 13% in the third quarter.
-snip-
For central banks already grappling with a deepening global bond rout, surging diesel and crop prices threaten to make inflationary pressures rather sticky. The refined-products crisis is raising the cost of producing and transporting food, while higher crop prices risk feeding through to grocery bills next
year.
Global Crop Prices Log Biggest Quarterly Jump Since Ukraine Invasion As Sticky Inflation Hits Grocery Bills <!-- --> | ZeroHedge
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www.zerohedge.com