# Are Food Prices Staging a Rebound Amid Severe Draughts, Prolonged War? | Investing.com AU

> Investing.com reports food prices may be rebounding amid drought and the Ukraine war, while corn prices trend lower on a forecast global harvest about 5% higher. USDA sees record Brazilian and US crops, and corn is testing support near $500.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34642-are-food-prices-staging-a-rebound-amid-severe-draughts-prolonged-war-investing
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expectations of a larger global corn crop add bearish pressure on corn and feed grain prices. Weather-related forecast revisions remain a upside risk for feed buyers.

## Read by commodity

- CORN: bearish ▼

## Sources

- au.investing.com: https://au.investing.com/analysis/are-food-prices-staging-a-rebound-amid-severe-draughts-prolonged-war-200577101

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.