Loading…
The USDA's March 31 Grain Stocks and Planting Intentions report showed on-farm soybean stocks down 41.3%, and corn is up over 70% since August. Corn and soybean prices rose after the report, and lysine HCl and lysine sulfate prices have also increased.
Higher corn and soy costs make amino acid additives relatively more attractive than crude protein in feed formulation. That supports lysine demand and prices.
feedplanetmagazine.comNewclick Dijital Reklam AjansıApr 6, 2021After 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.
After 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.
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.
