FAO Food Price Index down again in January led by lower wheat and maize prices

After 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.

• Aug 9, 2023FAO Food Price Index declines in August-3.0%
• Jul 7, 2025FAO Food Price Index up slightly in June due to higher meat, dairy and vegetable oil prices-6.0%
• Apr 7, 2025FAO Food Price Index up slightly in June due to higher meat, dairy and vegetable oil prices+4.0%
• Apr 4, 2025FAO Food Price Index remains stable in March+3.4%
• Mar 5, 2020FAO Food Price Index declined in February | PotatoPro+0.2%

After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

• Apr 5, 2017FAO Food Price Index dips again in April, led by sugar and vegetable oils+0.4%
• Feb 4, 2023FAO Food Price Index continues to decline in January 2023 | PotatoPro+2.9%
• Aug 9, 2023FAO Food Price Index declines in August-1.7%
• Apr 4, 2025FAO Food Price Index remains stable in March-0.7%
• Dec 13, 2016International Maize, Wheat, Rice Prices Remain Down, According to Latest FPMA Report | Food Security Portal-1.2%

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.

• Aug 9, 2023FAO Food Price Index declines in August-1.9%
• Mar 5, 2020FAO Food Price Index declined in February | PotatoPro-3.2%
• Mar 2, 2023Global food prices decline further in January-6.9%
• Jun 5, 2026FAO Cereal Price Index rises in May | World Grain-1.5%
• Jan 5, 2024FAO Food Price index eased substantially in 2023+1.4%