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The FAO Food Price Index fell 2.3% in June 2022 to 154.2 points, the third straight monthly decline. Cereal prices dropped 4.1%, with wheat down 5.7% and maize down 3.5% on new northern hemisphere harvests and better crop conditions.
The broad decline in cereal and vegetable oil prices signals easing global feed grain costs, though prices remain well above year-earlier levels.
fao.orgAug 7, 2022After 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 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 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% 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.
