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Citi Raises Corn, Soybean and Wheat Price Targets as El Niño Risks Intensify
Yahoo Finance· 2026-08-25 19:17
Wheat field ©Adobe Stock Images Citi has increased its price forecasts for corn, soybeans and wheat, identifying the strengthening Super El Niño as its highest-conviction agricultural market risk heading into late 2026 and early 2027. The bank's revised outlook reflects growing concern that increasingly severe weather conditions could disrupt agricultural production across several important growing regions, tightening supplies and supporting higher crop prices. NOAA Forecast Points to Exceptionally S ...