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FAO Food Price Index Falls in October

• by Sara Gustafson

Global commodity prices fell slightly in October, according to the latest FAO Food Price Index . Although prices remained higher at 176.4 points than their September levels, the Index is 27 percent below the all-time high seen in February 2011.

The Vegetable Oil Index fell by 1.8 points from September. Soy oil prices drove much of this decline, falling due to improved harvest prospects in the US and ample global supplies for 2017-2018.

Latest WASDE Report Released

• by Sara Gustafson

The November edition of the USDA's World Agricultural Supply and Demand Estimate (WASDE) report was recently published. Released monthly, this report provides data on global and US production and trade of staple commodities, including wheat, coarse grains, rice, and oilseeds.

Latest FPMA Report Sees Mixed Cereal Prices

• by Sara Gustafson

The November edition of the FAO GIEWS Food Price Monitoring and Analysis (FPMA) bulletin was released last week. The report finds that global cereal markets continued to be mixed in October.

The benchmark US hard wheat price fell by almost 1 percent due to higher supply estimates and improved weather conditions in key producing regions; however, this price remains 11 percent higher than its October 2016 levels. Wheat prices in the Black Sea region and Argentina rose slightly due to strong export demand and excessive rainfall, respectively.

October WASDE Report Released

• by Sara Gustafson

The October edition of the USDA's World Agricultural Supply and Demand Estimate (WASDE) report Released monthly, this report provides data on global and US production and trade of staple commodities, including wheat, coarse grains, rice, and oilseeds.