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FAO’s October food price index decreased 1.2% month over month to 133.9, as cereal, meat and dairy prices fell while sugar and vegetable-oil prices increased. Wheat eased amid weak demand and improved Argentine production prospects; corn declined on US harvest pressure and expectations for ample South American supply, while rice rose 1.6%.
Rain delayed sugarcane harvesting and crushing in Brazil, lifting the sugar index 6.6%; the article also cites concerns about Indian sugar production after uneven, below-normal monsoon rainfall.
Prospects for larger wheat and corn supplies pressure feed-grain prices, while delayed rice harvests support rice. Rain-related disruption in Brazil and production concerns in India tighten sugar availability; stronger biofuel demand and lower seasonal South American supplies support soybean oil.
fnnews.comNov 7, 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.
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.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.
