# Food Inflation Fears Abate as Cooking Oils and Grains Plummet - Bloomberg

> Global food price worries are easing as cooking oils, wheat and corn fall to their lowest levels in months. Physical supplies are increasing and investors are cutting bullish futures bets.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/4990-food-inflation-fears-abate-as-cooking-oils-and-grains-plummet-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower grain and oilseed futures reduce input costs for feed manufacturers, though the decline is driven by fund liquidation and supply rather than a new shock. Buyers should expect softer prices to continue while positioning unwinds.

## Read by commodity

- SBO: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2022-07-06 | 5 | -9.1% | -3.0 | Easing food inflation worries, growing physical supplies and investors cutting bullish futures bets reflect the sentiment and positioning shift that pushed wheat lower. |
| PALMOIL | 2022-07-06 | 5 | -26.1% | -7.8 | Broad selloff in cooking oils and grains with rising physical supplies and fund liquidation reflects the wider commodity sentiment shift weighing on palm. |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-07-06/cooking-oil-prices-sink-as-palm-oil-drops-to-lowest-in-a-year
- straitstimes.com: https://www.straitstimes.com/business/economy/food-inflation-fears-abate-as-prices-of-cooking-oils-and-grains-plummet

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.