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China's agriculture ministry said rice, cassava, rice bran, barley and sorghum can replace corn in poultry feed. Rapeseed meal, cottonseed meal, peanut meal, sunflower meal, DDGS and other meals can replace soymeal.
The guidance formalizes broader ingredient substitution.
Wider use of alternative ingredients reduces China's reliance on corn and soymeal, which weighs on those prices. Demand for rapeseed, cottonseed and sunflower meals could rise as substitutes.
poultryworld.netNatalie KinsleyMay 5, 2021After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% 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.
