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Indian animal feed manufacturers argued for allowing GM maize and soybeans at a workshop, as corn demand from ethanol and starch producers rises. Feed accounts for about 70% of poultry production costs, and Bt cotton is the only GM crop currently permitted.
Feed-sector lobbying for GM access signals pressure on domestic corn and soymeal supplies, but no policy change has been made and the price impact is limited.
agrinews.inAgriNewsJul 12, 2022After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.
