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UK analysis reports soyameal climbed in February on Argentine drought, halting the decline in poultry ration costs, while UK feed wheat was steady. Ukraine's wheat forecast was cut to 18 million tonnes, and the Black Sea corridor deal faced a 19 March deadline.
Higher soymeal and tight Ukrainian wheat supply lift feed ration costs for poultry producers, although the longer-term outlook for feed prices remains downward given the large Brazilian crop.
poultry.networkKen RandallMar 9, 2023After 453 past bullish weather events, SBM moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
After 1,072 past bullish weather events, WHEAT moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
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.
