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Rabobank's April North American Agribusiness Review says drought in the Southern Plains and 4.2 million fewer US corn acres planted in 2022 will keep the feed grain balance tight. Chicken prices are 66% above a year earlier, and volatility is expected through the summer.
Lower US corn plantings combined with drought and war-driven export demand for corn point to sustained high feed grain prices, with few substitution options for feed buyers.
feedstrategy.comAnn ReusApr 22, 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.
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.
