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The FAO Food Price Index averaged 107.5 points in December 2020, up from 105.2 in November and marking a seventh consecutive monthly rise. The FAO Cereal Price Index rose 1.1% to 115.7 points, with wheat export prices higher on tighter exporter supplies and Russia's export tax.
The 2020 index average was 97.9, a three-year high.
Rising cereal and vegetable oil indices signal firmer global feed grain and oilseed costs. Higher world price levels raise input costs for feed manufacturers.
farmpolicynews.illinois.eduKeith GoodJan 1, 2021After 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.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.
