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The World Bank's food security update reports high food price inflation across most low, middle and high-income countries. Maize and rice prices are up year on year while wheat is lower, and the agricultural and cereal price indices were roughly flat over the last two weeks.
Persistent food inflation and firm maize and rice prices signal tight-to-stable global grain markets, with no new supply shock driving a directional move.
nl4worldbank.orgNL4WorldBankMar 28, 2023After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 406 past neutral report events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
After 50 past neutral report events, RICE moved a median -0.0% over 5 sessions (50% higher; middle half -1.9% to +1.5%), and -1.2% 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.
