Chinese Traders Downplay Impact of New Animal Feed Guidelines

After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.

• Apr 21, 2021Reshaping grain trade? China moves to change animal feed recipes | Reuters+5.3%
• Apr 14, 2023Food security drives China to cut soymeal use in animal feed | Reuters-0.2%
• Oct 29, 2018China says new animal feed standards will cut chunk out of appetite for soy+3.6%
• Feb 5, 2019The Global Miller: Troubled China opts to reduce protein in animal feed-1.5%
• Nov 1, 2018China may lower soy protein content in animal feed+3.4%

After 223 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.

• Apr 21, 2021Reshaping grain trade? China moves to change animal feed recipes | Reuters+3.5%
• Apr 14, 2023Food security drives China to cut soymeal use in animal feed | Reuters-1.7%
• Oct 29, 2018China says new animal feed standards will cut chunk out of appetite for soy+1.2%
• Feb 5, 2019The Global Miller: Troubled China opts to reduce protein in animal feed-1.8%
• Nov 1, 2018China may lower soy protein content in animal feed+0.5%