Agriculture Commodities: Weekly Performance Overview (January 26 – 30, 2026)

Key Takeaways

• Agricultural commodities finished the week mixed, with continued pressure across grains, soft commodities, and dairy.
• Rice (+3.10%) and oats (+2.44%) outperformed among grains, while corn (-0.52%) and soybeans (-0.33%) declined.
• Industrial-linked commodities diverged, with rubber (+5.34%) and wool (+9.60%) posting strong gains.
• Soft commodities weakened, led by coffee (-4.99%), sugar (-3.19%), and orange juice (-3.78%).
• Dairy markets remained under pressure, with milk (-0.48%) and cheese (-0.21%) extending declines.

Grains and Oilseeds Remain Under Pressure Among Agriculture Commodities

Grain markets closed the week mostly lower, extending a cautious tone into the end of January. Corn declined -0.52% on a weekly basis, while soybeans slipped -0.33%. Wheat was a relative outlier, posting a modest gain of +0.94%, supported by stronger monthly performance despite remaining negative year over year.

Secondary grains delivered more supportive results. Rice rose +3.10%, continuing its recent recovery, while oats gained +2.44%. Barley remained flat on the week, reflecting limited near-term momentum.

Oilseeds showed mixed performance. Canola edged higher (+0.14%), while palm oil gained +1.32% despite a weaker daily close. Rapeseed declined -0.73%, and sunflower oil rose +0.69%, maintaining positive year-over-year performance.

Soft Agricultural Commodities Extend Weekly Declines

Soft commodities were broadly weaker during the week. Coffee declined -4.99%, while sugar fell -3.19% and cotton slipped -1.15%. Orange juice dropped -3.78%, remaining deeply negative on a year-over-year basis despite earlier stabilization efforts.

Cocoa continued to face significant pressure, declining -0.86% for the week and remaining sharply lower on a monthly and annual basis. Tea also weakened, falling -2.69% over the week.

Industrial and Dairy Commodities Diverge

Industrial-linked agricultural commodities showed divergence. Rubber advanced +5.34%, supported by stronger monthly trends, while wool rose +9.60%, extending its positive trajectory. Lumber was nearly flat on the week (-0.17%) after recent strength.

Dairy markets remained under sustained pressure. Milk declined -0.48%, and cheese slipped -0.21%, with both commodities posting significant year-over-year declines. Butter was an exception, rising +1.45% for the week, while potatoes remained flat but deeply negative on a year-over-year basis.

Overall, agricultural commodities ended the week with uneven performance, as gains in select industrial and secondary grain markets were offset by continued weakness across soft commodities, dairy, and major row crops.