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The FAO Food Price Index rose 3.9% in November to 105.0 points, its highest since December 2014, with the vegetable oil sub-index up 14.5% on palm oil inventory contraction. The cereal index gained 2.5% on Argentine wheat, US and Ukrainian maize, and Chinese purchases.
Tighter palm oil stocks and reduced wheat and maize export supplies support higher feed-ingredient and vegetable oil prices, raising feed input costs for buyers.
fao.orgMar 12, 2020After 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 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.
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.
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.
