ICE · 10-Q · 2026Q3 · Full report

Agricultural and Metals Demand

Intercontinental Exchange, Inc. · 2026-10-29 · Importance 40 · Surprise 56 · In source text

Agricultural and metals futures and options volume increased 40% for the first nine months and 57% for the third quarter of 2026 year over year. Sugar volume rose 40% and 75%, respectively, as unfavorable weather in key producing regions tightened the global supply outlook, with potential El Niño effects on sugarcane harvests also contributing. Other agricultural and metals activity increased on higher coffee and cocoa volume, reflecting continued coffee price volatility and weather-related concerns about cocoa supply in both the near and longer term.

Key facts

• Agricultural and metals futures and options volume increased 40% and 57%, and revenues increased 40% and 62%, for the nine and three months ended September 30, 2026, respectively, compared with 2025. source
• Sugar futures and options volume increased 40% and 75% for the nine and three months ended September 30, 2026, respectively, amid price volatility and a tighter global supply outlook tied to weather and potential El Niño effects on sugarcane harvests. source
• Other agricultural and metal futures and options volume increased 40% and 44% for the nine and three months ended September 30, 2026, respectively, primarily due to higher coffee and cocoa volume. source
• Coffee volume increased because of continued price volatility, while cocoa volume rose amid weather-related concerns about near- and long-term supply. source

Impact estimates