State of Commodities: Q3 2025
This report covers 1 of the quarter's 3 months, the ones this site currently holds; it will read differently once the remaining months are published.
Across September 2025, the largest single-month rise was Silver, +12.0% in September 2025, and the largest fall was Urea, −9.2% in September 2025. 3 benchmark prices set a new highest monthly average in cash terms.
Month by month
| Month | Rose | Fell | Median change | Records |
|---|---|---|---|---|
| September 2025 | 25 | 15 | +0.8% | 3 |
By category
| Category | Average monthly change |
|---|---|
| Metals | +4.5% |
| Grains & cereals | +2.4% |
| Livestock, meat & dairy | +1.6% |
| Oilseeds & vegetable oils | +1.1% |
| Fibres & other raw materials | +0.6% |
| Timber & forest products | +0.4% |
| Fruit & vegetables | +0.4% |
| Energy | −1.2% |
| Softs | −1.7% |
| Fertilizers | −3.0% |
New records this quarter
Q4 2025 → · All quarters · Download as PDF
World Bank Pink Sheet, primary benchmark of each commodity. A month's records and category averages are the same figures published on the monthly reports; this page only regroups them by quarter. Prices are monthly averages of benchmark quotes and are not investment advice.