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Ceva's November poultry outlook says US corn prices fell from $164.0/t to $161.8/t, with US production forecast at 425.5 Mt. US soybean meal rose $28.2/t over the month as US-China relations eased and China pledged to import 12 Mt of US soybeans.
Heavy US corn supplies cap prices even as easing US-China tensions support soymeal, so feed buyers face firm protein costs alongside softer corn.
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.