Commodity prices in September 2026: the biggest changes
In September 2026, 26 of 42 benchmark prices rose and 15 fell, with 1 unchanged; the median change was +1.2%. Crude oil rose most, +28.5%: largest one-month rise since March 2026. Coffee fell most, −8.9%. 2 prices set a record in cash terms: fishmeal, copper.
Biggest gains
| Commodity | Price | Month | 12 months | How unusual |
|---|---|---|---|---|
| Crude oil | $116.8/bbl | +28.5% | +72% | Largest one-month rise since March 2026 |
| Fishmeal | $2,916/t | +11.9% | +65% | Largest one-month rise since August 2026 |
| Coal | $147.1/t | +8.8% | +38% | Largest one-month rise since March 2026 |
| Soybeans | $524/t | +8.7% | +30% | Largest one-month rise since November 2025, the 3rd rise in a row |
| Sugar | $0.41/kg | +7.9% | +17% | Largest one-month rise since August 2026, the 3rd rise in a row |
| Natural rubber | $2.41/kg | +7.6% | +39% | Largest one-month rise since September 2024 |
| Chicken | $1.81/kg | +7.1% | +4% | Largest one-month rise since January 2025 |
| Corn | $239.6/t | +7.0% | +21% | Largest one-month rise since July 2026, the 3rd rise in a row |
Biggest falls
| Commodity | Price | Month | 12 months | How unusual |
|---|---|---|---|---|
| Coffee | $7.26/kg | −8.9% | −18% | Largest one-month fall since February 2026 |
| Sunflower oil | $1,390/t | −6.3% | +6% | Largest one-month fall since September 2023, the 3rd fall in a row |
| Beef | $6.86/kg | −5.8% | −1% | Largest one-month fall since June 2026, the 5th fall in a row |
| Potash | $367.5/t | −5.0% | +4% | Largest one-month fall since December 2023, the 4th fall in a row |
| Tin | $53,712/t | −3.0% | +56% | Largest one-month fall since April 2025 |
| Nickel | $16,324/t | −2.5% | +8% | Largest one-month fall since July 2026 |
| Canola | $1,440/t | −2.3% | +14% | Largest one-month fall since January 2026, the 3rd fall in a row |
| Lamb | $7.26/kg | −2.3% | +16% | Largest one-month fall since February 2025 |
New records
These prices reached their highest monthly average in the series in September 2026, in cash terms: fishmeal ($2,916/t), copper ($14,474/t). A cash record is not the same as a record after inflation; the real-prices report shows every price against its inflation-adjusted peak.
Long runs
Prices that had moved in the same direction for four or more months in a row by the end of this month: zinc, 6 rises (+3.8% in September 2026); beef, 5 falls (−5.8% in September 2026); potash, 4 falls (−5.0% in September 2026).
By category
| Category | Average change | Prices |
|---|---|---|
| Energy | +14.6% | 3 |
| Grains & cereals | +4.8% | 3 |
| Fibres & other raw materials | +3.6% | 2 |
| Oilseeds & vegetable oils | +2.5% | 7 |
| Fruit & vegetables | +2.2% | 2 |
| Fertilizers | +0.1% | 4 |
| Timber & forest products | 0.0% | 3 |
| Metals | 0.0% | 10 |
| Livestock, meat & dairy | −0.3% | 3 |
| Softs | −0.9% | 4 |
Biggest changes over twelve months
| Commodity | Price | 12 months | This month |
|---|---|---|---|
| Crude oil | $116.8/bbl | +72% | +28.5% |
| Fishmeal | $2,916/t | +65% | +11.9% |
| Tin | $53,712/t | +56% | −3.0% |
| Silver | $64.6/troy oz | +51% | −1.2% |
| Wheat | $347/t | +48% | +5.2% |
| Copper | $14,474/t | +45% | +1.0% |
| Oranges | $0.79/kg | −39% | +2.6% |
| Natural rubber | $2.41/kg | +39% | +7.6% |
See also every benchmark price, the pattern reports, and the price movers feed. Data: monthly.json.