Global agricultural prices rise 13%, the biggest increase since 2022

The article reports that the Bloomberg Agriculture Spot Index, which tracks ten key crops, rose 13% in the quarter ending in September 2026, its largest quarterly increase since March 2022. The source links the rise to tensions in the Black Sea region and extreme weather and also notes that a strengthening El Nino threatens agricultural production across several regions. During the quarter, Chicago corn and wheat rose 15% and soybeans rose 13%.