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FAO reported its January 2026 food price index averaged 123.9 points, down 0.4% from December. Dairy, meat and sugar declined while cereals and vegetable oils rose, with the vegetable oil index up 2.1% month on month.
Rising vegetable oil and cereal sub-indices point to firmer palm, soybean and sunflower oil values, while the broader food index remains in a downtrend.
jircas.go.jpJapan International Research CenterFeb 9, 2026After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
