A read on the public indicators that move global agriculture and commodity markets. Each card shows the latest official reading, the date it refers to, and what it signals for food and farm trade. Readings are curated from primary sources and refreshed as new data is released.
ENSO, Nino 3.4
El Nino threshold: +0.80 °C
El Nino tends to bring drier weather to South and Southeast Asia and Australia, a risk for rice, wheat, sugar and oilseeds.
Source: Bureau of Meteorology, Commonwealth of Australia
FAO Food Price Index
Broadly stable, down 0.2 points from April. Next update: 3 July 2026
The headline world gauge of food prices, covering cereals, vegetable oils, dairy, meat and sugar together.
Source: FAO Food Price Index, Food and Agriculture Organization of the United Nations
Baltic Dry Index
Near its lowest since mid April 2026
The cost of shipping dry bulk cargo such as grain, coal and fertilizer by sea, an early read on trade cost pressure.
Source: Baltic Exchange (indicative reading)
Indian Ocean Dipole
A positive phase is likely later in 2026
An Indian Ocean driver of the monsoon. A positive phase tends to dry India and Australia, a risk for oilseeds, pulses and wheat.
Source: Bureau of Meteorology, Commonwealth of Australia
Geopolitical Risk Index
100 equals the 1985 to 2019 average. Next update: around the 10th
A newspaper based gauge of geopolitical tension. Spikes often precede disruptions to energy, fertilizer and grain trade routes.
Source: Geopolitical Risk Index, Caldara and Iacoviello
US Dollar Index (Fed broad)
Base: January 2006 = 100
A stronger dollar makes dollar priced grains and edible oils dearer for importing nations, which tends to cool demand and prices.
Source: Federal Reserve, retrieved from FRED, series DTWEXBGS
Readings are curated from primary public sources and refreshed as new data is released. Figures are indicative and for general understanding, not investment advice.