
The FAO Food Price Index rose 1.9% to 133.3 points in August, its highest level since November 2022 and its second straight monthly gain. Cereal prices rose 2.2% and vegetable oil prices rose 0.6%, led by palm and soy oil, while sugar jumped 11.9%.
Higher cereal and vegetable oil prices raise the cost of feed energy and protein ingredients, and palm and soy oil strength supports oilseed-based feed costs. Concerns about Black Sea export flows and crop weather add to upward pressure.
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.
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.