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The FAO Food Outlook forecasts a comfortable cereal supply and demand balance for 2020/21, with global cereal output expected to exceed the 2019 record by 2.6 percent. It says agri-food markets have proven more resilient to COVID-19 than many other sectors.
The report covers cereals, oilcrops, meat, dairy, fish and sugar.
A well-supplied global cereal balance points to limited upward pressure on grain and feed prices, though pandemic-related uncertainty remains.
fao.orgNov 6, 2020After 630 past report events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.9% to +1.1%), and +1.1% over 20.
After 413 past report events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.7%), 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.
