
The FAO Cereal Price Index rose 2.9 points to 114.3 in May, up 2.6% month on month, with higher prices across all major cereals. Wheat rose for a fourth straight month on smaller expected harvests in major exporters, while maize was supported by strong import demand and tighter supplies in Brazil and the US.
Rising global cereal benchmarks support feed grain costs for buyers and point to firmer corn, wheat, sorghum and barley prices in the near term.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 180 past bullish report events, Wheat (HRW) moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% over 20.
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.