
Egypt has suspended tariffs on imported poultry, which will make Brazilian whole chickens more competitive, according to ABPA president Ricardo Santin. The move is meant to offset supply shortfalls caused by bird flu and higher production costs in Egypt.
Expanded Brazilian chicken exports to Egypt support Brazilian poultry output and feed demand for corn and soymeal. The effect on global feed prices is modest.
Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
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.