Where do the world's grains come from?
Grains & cereals covers barley, chickpeas, corn, lentils, oats, quinoa, rice, sorghum, wheat. What moves them together: Weather in a handful of breadbaskets, stocks-to-use ratios, export policy, fertilizer and fuel costs, biofuel mandates, the Black Sea.
What stands out across grains & cereals?
Among the 9 commodities in grains & cereals with a production ranking, supply is most concentrated in quinoa, where Peru produced 69% of the world total in 2024, and least concentrated in barley, where the largest producer, Russia, produced 12% in 2024. India is the largest producer of 2 of the 9. In 3 of them the largest producer is not the largest exporter by value, as for barley, where Russia produced 12% and Australia led exports of barley (HS 1003) with 19%. Production years differ by commodity and sources are FAOSTAT, USGS or the Energy Institute; exports are CEPII BACI trade records.
In the twelve months to September 2026, 5 of 6 priced commodities in this category had a higher benchmark price, with the largest rise for wheat (+48%) and the largest fall for barley (-40.4%). These are monthly benchmark series in their own units, from the World Bank Pink Sheet, IMF or other sources named on each price page, and a twelve-month change says nothing about what comes next.
Commodities in this category
| Commodity | Top producers | Latest price | 12 months |
|---|---|---|---|
| Barley | $80.4/t | -40% | |
| Chickpeas | — | — | |
| Corn | $239.6/t | +21% | |
| Lentils | — | — | |
| Oats | $3.35/bu | +1% | |
| Quinoa | — | — | |
| Rice | $482/t | +29% | |
| Sorghum | $189.5/t | +28% | |
| Wheat | $347/t | +48% |
Price index since 1960
Source: World Bank Commodity Price Data (The Pink Sheet), monthly indices, 2010 = 100, published 2026-10-02. CC BY 4.0.
Indices are monthly averages and lag the market; informational only, not investment advice.
Which grains & cereals prices move together?
Within grains & cereals, corn and sorghum are the most closely linked: their monthly price changes correlate at 0.73. Correlation of monthly log price changes (not price levels), computed only over pairs with at least 90 overlapping months, the same method as the site-wide linked-prices report and the correlation calculator — this view is scoped to grains & cereals alone, which the site-wide report's top pairs rarely include.
Data updated 22 October 2026.