# World food prices slip on cheaper grains

> The FAO Food Price Index fell 1.2% in October to 133.9, its first decline in four months, as lower grain, meat and dairy prices outweighed a sharp increase in sugar. Cereal prices dropped 4.5%, with wheat, corn, barley and sorghum down, while rice rose 1.6%; vegetable oils edged higher, including soybean oil on biofuel demand and tighter seasonal South American supplies.

- Date: 2026-11-07 · published 2026-11-08T06:05:54.156Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/86996-world-food-prices-slip-on-cheaper-grains
- 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), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower cereal prices on sluggish wheat demand and improved Argentine harvest prospects ease feed-grain cost pressure, although weather-related rice firmness and strength in soybean oil reflect tighter or stronger demand in those markets.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-11-11 | [Surging wheat output weighing on prices \| World Grain](https://feedsoft.ai/events/21998-surging-wheat-output-weighing-on-prices-world-grain.md) | +2.0% | +1.0% |
| WHEAT | 2022-07-15 | [Focus on Canada \| World Grain](https://feedsoft.ai/events/40455-focus-on-canada-world-grain.md) | +8.2% | +8.9% |
| WHEAT | 2021-07-06 | [Chinese corn, wheat imports slip  \| World Grain](https://feedsoft.ai/events/45928-chinese-corn-wheat-imports-slip-world-grain.md) | -3.3% | -0.5% |
| WHEAT | 2025-03-04 | [Bumper winter crop on tap for Australia \| World Grain](https://feedsoft.ai/events/25543-bumper-winter-crop-on-tap-for-australia-world-grain.md) | +0.1% | +2.8% |
| WHEAT | 2026-07-06 | [FAO Cereal Price Index falls by 3.5% \| World Grain](https://feedsoft.ai/events/18411-fao-cereal-price-index-falls-by-3-5-world-grain.md) | -0.3% | +1.4% |
| CORN | 2024-04-12 | [CoBank: Grain, oilseed prices continue to slide \| World Grain](https://feedsoft.ai/events/30865-cobank-grain-oilseed-prices-continue-to-slide-world-grain.md) | -0.2% | +1.2% |
| CORN | 2021-07-06 | [Chinese corn, wheat imports slip  \| World Grain](https://feedsoft.ai/events/45928-chinese-corn-wheat-imports-slip-world-grain.md) | -1.9% | -12.4% |
| CORN | 2026-07-06 | [FAO Cereal Price Index falls by 3.5% \| World Grain](https://feedsoft.ai/events/18411-fao-cereal-price-index-falls-by-3-5-world-grain.md) | -0.6% | +0.8% |

## Sources

- m.ajupress.com: https://m.ajupress.com/view/20261107164531947

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