FAO: World food prices up nearly 8.8% YOY in January

FAO reported its January food price index up 2.7 percent from December and up 8.8 percent YOY (adjusted for inflation). Month on month, its component subindexes were either up (cereals, oils, sugar) or nearly flat (meat, dairy). Year on year, nearly all subindexes made [...]

FAO food price index up 3.6% in 2020

FAO reported the world food price index for 2020 up 3.6 percent from 2019 (adjusted for inflation). This follows a modest annual increase of 1.4 percent in 2019 after the price index hit a 12-year low in 2018. The key subindexes showing growth in [...]

Weak dollar helping boost commodity prices

This past week’s Fed meeting and comments from Chairman Powell hinted at continued low-interest rates and a dovish stance to help the economy regain its footing in the current COVID-19 environment. Historically low-interest rates have already made an impact on the economy via a [...]

Grain Belt weather forecasts are mostly favorable

NOAA’s two-week outlook features above-average temperatures throughout the Grain Belt, especially across the northern region. Higher temperatures are less likely for the central and southern regions. August heat is expected to be complemented by average rainfall in the northern, central, and eastern regions, which [...]

COVID-19 boosts Japan’s food retail sales

Supermarkets in Japan saw YOY sales increase by 20 to 30 percent in March and April. Demand has been especially strong for wheat flour and wheat cooking mixes, vanilla extracts, pastas and sauces, and sweet syrups, per Toyo Economic. A recent USDA GAIN report [...]

Warmer weather expected to benefit developing crops

Recent heavy rains from the southwestern to the northcentral Grain Belt replenished topsoil moisture ahead of a warmer and drier stretch of weather. Beneficial drying is expected across the southern areas, where soil moisture is adequate, as well. As soil moisture is already low [...]

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