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Farm Policy News summarizes Bloomberg reporting that the Bloomberg Agriculture Spot Index surged the most in nearly nine years on crop futures gains. Brazilian meatpackers are turning to wheat as corn costs rise, per Reuters and the ABPA.
Broad grain and oilseed rallies raise feed costs, and Brazilian meat processors substituting wheat for corn signals shifting feed demand.
farmpolicynews.illinois.eduKeith GoodApr 25, 2021Not enough comparable past events yet for a historical read.
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.
