Loading…
South African yellow maize futures rose sharply in late 2018 after drought during planting, then eased in early January as rain prospects improved. Feed prices are expected to rise 15 to 20 percent in February and March, which will squeeze poultry producer profits.
A drought-driven rise in maize prices lifts South African feed costs, so poultry producers face higher costs and possibly lower output.
fairplaymovement.orgfairplayJan 23, 2019After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
