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The FAO Food Price Index rose 3.1% in August to 127.4 points, rebounding after two monthly declines. Gains were led by sugar, vegetable oils and wheat, while maize prices fell 0.9%.
Higher wheat and palm oil prices support those markets, while lower maize prices offer some relief for feed costs. The rebound reflects reduced harvest expectations in major exporters and palm oil production concerns in Malaysia.
bizcommunity.comSep 2, 2021After 769 past bullish report events, WHEAT moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 149 past bullish report events, PALMOIL moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% 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.
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.
