# Global food prices fall as wheat and corn prices decline

> FAO’s October 2026 food price index fell 1.2% from September to 133.9, its first monthly decline in four months. The cereal index dropped 4.5% as wheat prices eased on weaker demand and improved Argentine production prospects, while corn fell amid US harvest shipments and expectations of larger South American supplies; rice rose 1.6%, and sugar climbed 6.6% as rain delayed Brazilian cane harvesting and crushing.

- Date: 2026-11-07 · published 2026-11-07T13:37:31.706Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/86089-global-food-prices-fall-as-wheat-and-corn-prices-decline
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Rough Rice](https://feedsoft.ai/c/RICE.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Improved wheat and corn availability and seasonal US selling pressure increase feed-grain supply and weigh on prices. Delayed rice harvests and Brazilian sugarcane operations tighten those respective markets, while higher soybean-oil prices reflect biofuel demand and seasonal South American supply declines.

## Read by commodity

- SBO: bullish ▲
- CORN: bearish ▼
- RICE: bullish ▲
- WHEAT: 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 | 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% |
| WHEAT | 2023-09-29 | [It’s been a bad quarter for corn, soybean and wheat prices](https://feedsoft.ai/events/34143-it-s-been-a-bad-quarter-for-corn-soybean-and-wheat-prices.md) | -4.7% | -2.2% |
| WHEAT | 2022-02-09 | [USDA cuts global ending stocks for beans, wheat, cotton and corn - Pro Farmer](https://feedsoft.ai/events/42671-usda-cuts-global-ending-stocks-for-beans-wheat-cotton-and-corn-pro-farmer.md) | +0.4% | +18.0% |
| 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 | 2022-05-28 | [Where Could Corn and Soybean Prices Be this Fall? - AgWeb](https://feedsoft.ai/events/41429-where-could-corn-and-soybean-prices-be-this-fall-agweb.md) | -5.3% | -4.9% |
| CORN | 2026-09-30 | [US corn and soybeans prices fall sharply after USDA stocks surprise \| S&P Global](https://feedsoft.ai/events/17402-us-corn-and-soybeans-prices-fall-sharply-after-usda-stocks-surprise-s-and-p.md) | -0.5% | -6.2% |

## Sources

- edaily.co.kr: https://www.edaily.co.kr/News/Read?mediaCodeNo=257&newsId=02673206645643424

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