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The FAO Food Price Index averaged 180.5 points in February 2020, down 1.0% from January but 8.1% above a year earlier. Cereal prices fell 0.9%, with all major cereals except rice declining, while vegetable oil prices dropped 10.3% led by a 12% fall in palm oil.
Weaker vegetable oil and maize prices reduce input costs for feed compounders, while firm rice prices signal tightness in Asian and American export supplies.
potatopro.comKateryna Karreras PushkarenkoMar 5, 2020After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.
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.
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.
