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Ceva's December poultry outlook reports corn prices rose in December, with US corn at $167.3/t after a $5.5/t gain and Brazil corn at $212.9/t. It also notes China's postponed US soybean purchase commitment weighed on US soybean prices.
Higher corn prices raise feed costs for poultry producers, while the postponed China soybean commitment is bearish for US soy and feed meal prices.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.