The FAO Food Price Index fell slightly in August, with cereal prices down 0.5% and 11.9% below a year earlier. The Vegetable Oil Index rose 0.8% to its highest since January 2023, driven by palm oil on reduced Indonesian output.
Lower wheat prices reflect slow import demand and strong export competition, while palm oil strength supports vegetable oil feed costs. Global feed buyers should note softer grain prices alongside firmer oil.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 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.
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.