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FAO’s Food Price Index fell 1.2% in October to 133.9, although it remained 5.9% above its year-earlier level. The cereal index declined 4.5% as improved Argentine harvest prospects and cautious import demand pressured wheat, while US harvest pressure and expected South American supplies weighed on corn; Black Sea logistics disruptions limited the declines.
Improved supply prospects and softer import demand are bearish for wheat and corn, easing potential feed-grain costs. Continued Black Sea disruptions remain a countervailing risk to export availability and prices.
businessekonomi.comMerve TuncelNov 6, 2026After 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.
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.
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.
