The World Bank outlined scenarios for global food prices, warning they could rise more sharply if grain supplies keep shrinking, geopolitical conflicts persist and El Niño intensifies. Its October report showed the food price index easing from a September three-year high but still 15% above a year earlier, with wheat up 13% and corn up 8% in the third quarter.
A projected 20 million tonne drop in global grain supply, with US wheat output possibly down sharply, points to firmer grain and feed prices and higher feed costs for buyers.
After 772 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.