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The FAO reported world food prices rose for a seventh straight month in December, with the Food Price Index at 107.5 points, 2.2% above November. Vegetable oils gained 4.7% to their highest since 2012, and the cereal index rose 1.1% on crop concerns in North and South America and Russia.
Rising global food and vegetable oil benchmarks signal firmer underlying demand and costs for feed ingredients, supporting prices for oilseed products and grains.
reliefweb.intFood, Agriculture Organization of the United NationsJan 7, 2021After 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.
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 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 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.
