
The FAO cereal price index fell 4.5% in October from September and was 12.6% below its level a year earlier. Wheat, corn, barley, and sorghum prices declined amid softer demand, improving crop prospects, new-crop supply, and expectations of easing Black Sea export constraints, while the FAO rice price index rose 1.6%.
Improved crop prospects and increased export availability add to global feed-grain supply and put downward pressure on prices. Rice faced separate upward pressure from harvest delays and adverse weather in exporting countries.
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.
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.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.