
The FAO reported that its food price index fell to 133.9 points in October 2026, as prices for cereals, meat and dairy declined. Sugar rose for a fourth consecutive month, while food prices overall remained higher than a year earlier.
Lower cereal prices point to less upward pressure on grain costs, although the report gives no specific price direction for individual feed grains. The aggregate index decline is a modestly bearish signal for grain markets.
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 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.
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.