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The FAO reported that its September Food Price Index for grains was 3% above August but 10.2% below a year earlier. Vegetable oil prices rose 4.6% month on month to their highest since early 2023, with wheat and corn gains tied to weather and low river levels.
Higher vegetable oil and grain benchmarks reflect firm global feed input costs, supporting prices for oilseed meals and grain-based feed ingredients.
farmingportal.co.zaFarming PortalNov 1, 2024After 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 moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 149 past bullish report events, PALMOIL 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, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), 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.
