Loading…
The FAO Food Price Index averaged 127.2 points in April 2023, up 0.6 percent from March and the first monthly rise in a year. Sugar, meat and rice rose, while wheat, maize, dairy and vegetable oil prices declined.
Lower wheat, maize and vegetable oil prices point to softer feed and oilseed-linked costs, while higher meat prices reflect tighter protein supply.
fao.orgMay 5, 2023After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
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 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% 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.
