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A FAO-style food security update reports that domestic food price inflation remains high in most low- and middle-income countries. Cereal prices fell sharply in the two weeks to mid-July, with maize down 21% and wheat down 3%, while rice rose 1%.
Lower maize and wheat prices ease feed grain costs, but persistent food inflation and rice strength point to tight conditions in import-dependent markets.
reliefweb.intJul 17, 2023After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 88 past bullish report events, RICE moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.
