By: Joseph Glauber, IFPRI
A strong El Niño continued through December, as indicated by above-average sea surface temperatures (SST) across the central and eastern equatorial Pacific Ocean. The strength and duration of the current El Niño event has raised concerns about global crop prospects and food prices.

Sugarcane harvester in Brazil. Photo credit: flickr (John McQuaid)

The FAO Food Price Index averaged nearly 162 points in October, up 3.9 percent from the previous month. This was the sharpest increase since July 2012, but the index is still down 16 percent from this time last year.

Photo Credit: flickr (World Bank)

The Agricultural Market Information System (AMIS) organized a special event "Food Market Outlook - An AMIS Perspective for 2015/16" at Expo Milan on Monday, 19 October 2015. Leading experts from AMIS-participating countries presented the outlook for wheat, maize, rice and soybean markets and addressed questions from a live and virtual audience on topics including:

BY: Joseph Glauber, IFPRI

The grains and oilseeds futures markets were down significantly following the release of USDA's August Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.

The USDA released its latest World Agricultural Supply and Demand Estimates (WASDE) report today. The WASDE report provides monthly comprehensive forecasts of supply and demand for major U.S. and global crops, supplied by the USDA. Crops covered include wheat, coarse grains, rice, and oilseeds. This report can explain past and current global commodities trends, as well as predict trends for the coming year. This month's report estimates 2013/2014 global wheat production at a record 705.4 million tons.

The latest USDA World Agricultural Supply and Demand Estimate (WASDE) report was released on Friday. The WASDE report provides monthly comprehensive forecasts of supply and demand for major U.S. and global crops, supplied by the USDA. Crops covered include wheat, coarse grains, rice, and oilseeds. This report can explain past and current global commodities trends, as well as predict trends for the coming year. This month's report cites higher global wheat supplies for 2013/2014, as well as record global corn production.

The USDA released last week its April edition of the World Agricultural Supply and Demand Estimates (WASDE). The WASDE report provides monthly comprehensive forecasts of supply and demand for major U.S. and global crops, supplied by the USDA. Crops covered include wheat, coarse grains, rice, and oilseeds. This report can explain past and current global commodities trends, as well as predict trends for the coming year. This month's report sees higher global wheat stocks for 2012/13, but tight stock-to-use ratios for both corn and soybeans.

The USDA's latest World Agricultural Supply and Demand Estimate has been released, predicting low global wheat and corn stocks for 2012/2013. Global wheat supplies are projected to be slightly lower due to reduced production prospects in Argentina and lower reported production in Russia. US corn ending stocks are projected to be 44 million bushels lower; higher US wheat disappearance will leave the balance sheet historically tight and is expected to support continued strong and volatile prices.

The latest USDA World Agricultural Supply and Demand Estimate report was released today. This month's report cites lower world supplies for wheat and maize; global rice supplies, on the other hand, are up to a record 465.1 million tons.

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