
The FAO Food Price Index fell 0.4% in June, with the Cereal Price Index down 3.5%. World wheat prices dropped 4.4%, maize fell 6%, and sorghum fell 8% on ample Black Sea and South American supplies and softer crude prices.
Lower global cereal benchmarks reflect ample export supplies and weaker energy-linked biofuel demand, pointing to softer feed grain prices.
After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.