
The FAO Food Price Index averaged 133.9 points in October, down 1.2% from September, as falling cereal, dairy and meat prices outweighed a sharp rise in sugar. Cereal prices fell 4.5% on weak import demand, improved production prospects in Argentina, and expectations of easing Black Sea export restrictions.
Vegetable oils edged up slightly.
Lower wheat prices and softer cereal demand weigh on feed grain costs, while a marginal rise in vegetable oil prices supports oilseed-based feed ingredients such as palm oil.
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 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% 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.