# Global food prices edged down in October

> FAO’s Food Price Index fell 1.2% month over month in October but remained 5.9% above a year earlier. The cereal index dropped 4.5%, with weaker import demand and improved Argentine production prospects weighing on wheat, while corn also declined amid US harvest pressure and expectations of ample South American supply; vegetable oils edged higher and sugar rose sharply.

- Date: 2026-11-06 · published 2026-11-06T13:38:17.435Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/84056-global-food-prices-edged-down-in-october
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Weaker import demand and stronger supply expectations are bearish for grains, while continued Black Sea logistics disruptions limited the downside. The index-level declines suggest easing pressure on feed-grain costs, though impacts differ by commodity.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-03-02 | [Global food prices decline further in January](https://feedsoft.ai/events/12653-global-food-prices-decline-further-in-january.md) | -2.0% | +5.1% |
| WHEAT | 2023-06-10 | [FAO Food Price Index unchanged in September](https://feedsoft.ai/events/6886-fao-food-price-index-unchanged-in-september.md) | +1.1% | +0.2% |
| WHEAT | 2024-02-02 | [FAO Food Price Index down again in January led by lower wheat and maize prices](https://feedsoft.ai/events/7200-fao-food-price-index-down-again-in-january-led-by-lower-wheat-and-maize-prices.md) | -1.6% | -8.9% |
| WHEAT | 2022-12-12 | [Wheat prices fall despite a downgrade in the USDA’s global production forecast](https://feedsoft.ai/events/5522-wheat-prices-fall-despite-a-downgrade-in-the-usda-s-global-production-forecast.md) | +10.5% | +5.6% |
| WHEAT | 2023-08-09 | [FAO Food Price Index declines in August](https://feedsoft.ai/events/34646-fao-food-price-index-declines-in-august.md) | -1.7% | -7.8% |
| CORN | 2021-09-02 | [Global food commodity prices rebound in August](https://feedsoft.ai/events/9829-global-food-commodity-prices-rebound-in-august.md) | -3.0% | -5.5% |
| CORN | 2016-12-23 | [Cattle prices declined in October - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/73417-cattle-prices-declined-in-october-progressive-cattle-ag-proud.md) | +0.8% | +3.6% |
| CORN | 2018-09-15 | [Grain prices down—hay prices up](https://feedsoft.ai/events/63165-grain-prices-down-hay-prices-up.md) | +3.1% | +4.7% |

## Sources

- bloomberght.com: https://www.bloomberght.com/kuresel-gida-fiyatlari-ekim-de-hafif-geriledi-3793780

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.