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Maize, Wheat Prices Stable; Soybean Prices Remain Volatile

Aug 15th, 2012 • by Sara Gustafson

As poor weather continues to hammer crops in the US, all eyes are on the impact the drought will have on global food prices. It is important for policymakers to look at all the information surrounding food prices, including price volatility. IFPRI's Excessive Food Price Variability Early Warning System provides reliable daily monitoring of food prices and price volatility, based on sophisticated statistical modeling (NEXQ: Nonparametric Extreme Quantile Model).

Food Price Index Sees Rebound in July

Aug 9th, 2012 • by Sara Gustafson

The latest FAO Food Price Index was released today, citing an increase of 12 points from June. While the Index averaged 213 points in July, it remains well below the peak levels reached in February 2011.

USDA Provides Comprehensive Disaster and Drought Assistance Resources

Aug 2nd, 2012 • by Sara Gustafson

As the drought in the US Midwest continues, stakeholders need access to up-to-the-minute information regarding weather patterns, crop conditions, and markets and prices. The USDA has released a comprehensive set of resources called Disaster and Drought Assistance to help stakeholders stay connected and informed about changing conditions.

FEWS Monthly Price Watch Sees Price Increases for Maize, Soybeans, Wheat

Aug 2nd, 2012 • by Sara Gustafson

FEWS NET has released its latest Monthly Price Watch , citing continuing rising prices for many staple commodities. US maize prices rose by 20% in July due to the ongoing drought in the Midwest; drop losses in both the US and South America have contributed to increased prices for soybeans and soybean oil as well. International wheat prices also increased in June and July due to expected shortfalls in the European Union, Russia, and Kazakhstan.