
The FAO Food Price Index fell 1.2% in October from September, with its cereal index down 4.5%. Wheat, corn, barley and sorghum prices declined amid subdued demand, harvest pressure and improved supply prospects, while the rice index rose 1.6% as weather and harvest delays tightened supplies.
Lower prices for several major grains reflect ample supply prospects and weaker demand, pressuring feed-grain values. Firmer rice prices point to tighter export availability, though rice is less directly relevant to most feed rations.
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.
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.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.