State of Commodities: Q1 2026
Across January 2026, February 2026, March 2026, the largest single-month rise was Natural gas, +78.4% in January 2026, and the largest fall was Natural gas, −52.4% in February 2026. 10 benchmark prices set a new highest monthly average in cash terms.
Month by month
| Month | Rose | Fell | Median change | Records |
|---|---|---|---|---|
| January 2026 | 29 | 12 | +1.9% | 6 |
| February 2026 | 25 | 17 | +0.8% | 2 |
| March 2026 | 23 | 18 | +1.0% | 2 |
By category
| Category | Average monthly change |
|---|---|
| Energy | +10.7% |
| Fertilizers | +7.0% |
| Metals | +3.6% |
| Oilseeds & vegetable oils | +3.1% |
| Fibres & other raw materials | +2.7% |
| Fruit & vegetables | +2.1% |
| Livestock, meat & dairy | +0.8% |
| Grains & cereals | +0.7% |
| Timber & forest products | −0.4% |
| Softs | −4.6% |
New records this quarter
- Silver: January 2026
- Platinum: January 2026
- Tin: January 2026
- Copper: January 2026
- Gold: January 2026
- Beef: January 2026
- Gold: February 2026
- Beef: February 2026
- Palm kernel oil: March 2026
- Beef: March 2026
← Q4 2025 · Q2 2026 → · 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.