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Corn prices have risen about 20% since September, squeezing Brazilian chicken producers whose margins are being eroded by pricier grain. Brazil is shipping record corn volumes amid bumper production, and a weaker real is boosting the country's export competitiveness.
Higher corn costs raise poultry production expenses and feed-grain pricing, while record Brazilian corn exports and a weaker real add export competition in global corn markets.
investors.comBLOOMBERG NEWSOct 24, 2019Not 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.
