Loading…
Rabobank's Q2 2021 Poultry Quarterly notes uneven industry recovery, with the US, Mexico, Japan and Russia showing strength while Brazil, Thailand, Ukraine, Poland and the Netherlands face oversupply. Corn rose 30%, wheat 9% and soybeans 14% over the prior quarter, squeezing margins where feed is up to 70% of production cost.
Grain price gains raise feed costs for poultry producers and reduce margins, while oversupply in export countries weighs on global poultry prices.
avinews.comApr 5, 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 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
