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Rabobank's Q3 2021 poultry report expects global poultry demand to recover as vaccination rates rise, with foodservice demand making up about a third of global demand. High feed prices are expected to push up retail poultry prices in the second half of 2021.
Europe's production is forecast to fall 2-3% in 2021, and global trade is shifting away from China.
High feed costs and reduced European output support feed grain and meal demand from importers, while slower Chinese import demand weighs on global trade volumes.
foodagribusiness.worldTony McDougalJul 20, 2021After 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 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% 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.
