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The FAO cereal price index rose 1.5% in December from November, with wheat, maize, rice and barley all higher on hindered shipments from major exporters. For 2023 as a whole, cereal prices were 15.4% below 2022.
Shipping hindrances from major exporters tighten near-term grain supply and support feed grain prices, though the annual decline shows a loosening trend.
reuters.comMaytaal AngelJan 5, 2024After 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.
Not enough comparable past events yet for a historical read.
After 88 past bullish report events, Rough 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.
