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The FAO cereal price index fell 4.5% month on month to 116.8 in October, its second consecutive monthly decline, but remained 12.5% above October 2025. October futures also weakened: CBOT corn fell 9.3% and CBOT wheat 9.2%; the article cites subdued international demand and stronger export availability, including improved Argentine production prospects, as pressure on wheat.
Harvest supplies and expectations of stronger exporter availability weigh on grain prices, while softer demand adds downside pressure. The monthly declines are bearish for corn and wheat, even though the index remains above year-ago levels.
agroprofil.plAndrzej BąkNov 10, 2026After 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.
