
The FAO reported world food prices stayed at a 10-year peak in November and were 23.2% above a year earlier. Wheat prices were supported by unseasonable rains in Australia and uncertainty over Russian export measures.
A sustained high food price index reflects firm grain costs, supporting feed input prices. Uncertainty over Russian export policy keeps wheat values elevated.
After 497 past report events, Wheat (HRW) moved a median +0.2% over 5 sessions (51% higher; middle half -2.5% to +2.8%), and -0.3% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.