# Wheat prices fell for the first time in four months, and corn prices also declined — FAO

> FAO’s global cereal price index fell 4.5% month over month in October 2026 to 116.8, down 12.6% year over year. Wheat prices declined as demand weakened and harvest prospects improved, particularly in Argentina; corn prices fell as the US harvest entered the market and South American supply prospects strengthened. Barley and sorghum prices also eased, while the rice price index rose 1.6% amid weather-related harvest delays and higher costs.

- Date: 2026-11-06 · published 2026-11-08T01:37:24.126Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/86873-wheat-prices-fell-for-the-first-time-in-four-months-and-corn-prices-also
- 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), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Improved crop prospects and incoming supplies, alongside weaker demand, are bearish for wheat, corn, barley, and sorghum. Weather-related delays and higher costs are supportive of rice prices.

## Read by commodity

- CORN: bearish ▼
- RICE: bullish ▲
- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-05 | [The measure of world food prices rose in April for first time in a year](https://feedsoft.ai/events/35977-the-measure-of-world-food-prices-rose-in-april-for-first-time-in-a-year.md) | -1.9% | -5.2% |
| WHEAT | 2019-10-08 | [The increase in wheat prices reduces demand](https://feedsoft.ai/events/5902-the-increase-in-wheat-prices-reduces-demand.md) | +4.5% | +2.1% |
| 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 | 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 | 2024-07-29 | [Wheat prices in the US fell to the lowest level since 2020](https://feedsoft.ai/events/29288-wheat-prices-in-the-us-fell-to-the-lowest-level-since-2020.md) | -4.2% | -6.9% |
| CORN | 2023-05-05 | [The measure of world food prices rose in April for first time in a year](https://feedsoft.ai/events/35977-the-measure-of-world-food-prices-rose-in-april-for-first-time-in-a-year.md) | -0.2% | -7.5% |
| CORN | 2019-01-29 | [The seasonal decline in supply raises prices on corn](https://feedsoft.ai/events/61121-the-seasonal-decline-in-supply-raises-prices-on-corn.md) | -0.4% | +0.0% |
| CORN | 2023-08-09 | [FAO Food Price Index declines in August](https://feedsoft.ai/events/34646-fao-food-price-index-declines-in-august.md) | -3.0% | -2.6% |

## Sources

- latifundist.com: https://latifundist.com/novosti/71601-pshenitsya-podeshevshala-vpershe-za-chotiri-misyatsi-tsini-na-kukurudzu-takozh-pishli-vniz--fao

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