Loading…
The European Commission published its latest EU feed protein balance sheets for 2022/23, forecasting stable feed demand of 72 million tonnes crude protein and 77% self-sufficiency. Lower EU maize availability due to this summer's drought is noted, while the EU imports most of its oilseed meals.
Lower EU maize supply from drought and reliance on imported oilseed meals support import demand for corn and soybean meal, which tends to firm feed protein prices.
agriculture.ec.europa.euDirectorate-GeneralNov 18, 2022After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
