Finally a break for world food prices?

Adjusted for inflation, FAO’s Food Price Index fell in June by 2.5 percent, ending a 12-month runup for world food prices. The decline came from a strong drop for vegetable oils, down nearly 10 percent from May pricing, and smaller drops for cereals and [...]

Dry, hot July weather expected in northwestern Belt

Much of the northwestern Grain Belt has experienced drought conditions in recent months, which are expected to continue for another few weeks, at least. As of Jun. 30, NOAA’s one-month outlook features above-average temperatures and below-average rains in the Dakotas, Minnesota, Wisconsin, Iowa, and [...]

Storms bring relief to the corn crop/market

Corn futures continue to fluctuate, with the July contract closing at $6.5925 per bushel last Monday, $6.6425 by Wednesday, and $6.3650 by Friday. Much-needed rain swept across the Corn Belt last week: Nearly every region received at least some precipitation. Moisture will be needed [...]

Cocoa sees technical support at uptrend

Inflation-related volatility continues to impact commodity pricing, and cocoa is seeing recent price weakness on fund liquidation. Since their mid-May highs, cocoa futures have fallen nearly $200 per MT or nearly a tenth on position liquidation ahead of the July contract expiration. With futures [...]

Food Price Index jumps 38% above year-ago levels

Adjusted for inflation, FAO’s Food Price Index was up nearly 38 percent YOY in May on gains across all subindexes. The Index as up nearly 5 percent from April, the highest monthly gain since January 2015. (Not adjusted for inflation, it would be the [...]

Inflation in commodities heating up

Two releases from the government this past week stoked fears of inflation rising faster than previously forecast, with both CPI and PPI numbers exceeding expectations. Seasonally adjusted, the Consumer Pricing Index (CPI) was up 0.8 percent in April and up 4.2 percent over the [...]

World Food Price Index up for 11th straight month

Adjusted for inflation, the FAO Food Price Index (FPI) was up 2 percent from March, up slightly from the 12-month average growth of 1.7 percent. This increase was supported by robust gains for the sugar, meat, and oils subindexes, although every category appreciated in [...]

World food prices up for tenth straight month

Adjusted for inflation, FAO’s Food Price Index rose over 2 percent from February and was up 25 percent YOY. This was the tenth straight month of gains for the price index. For 2021 through March, food prices are up 17 percent year on year [...]

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