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An IMF Notes paper reviews global food prices, which had eased since Russia's invasion of Ukraine but remained at historic highs. It cites export bans in major producer countries and the war's pressure on cereal, energy and fertilizer markets.
Persistently high food and input costs keep pressure on feed and food budgets, and the IMF's assessment of supply pressures shapes expectations for grain and fertilizer prices. The report offers context rather than a new market shock.
elibrary.imf.orgApr 12, 2023After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% 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.
