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The FAO food price index fell 1.9% in December 2022 and ended the year down 1%, its first annual decline since 2018. The index remained well above its 10-year average, though 2022 averaged 14% above 2021.
Easing global cereal and vegetable oil prices reduce pressure on feed ingredient costs, though levels stay historically high. Buyers should expect softer but still elevated global feed input prices.
farmpolicynews.illinois.eduKeith GoodJan 6, 2023After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% 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.
