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Rabobank's quarterly report says ongoing trade volatility, particularly with Brazil, will continue to challenge poultry industry margins. It flags EU restrictions on Brazilian plants, the Q2 truckers strike, and China's safeguard on Brazilian chicken.
Rabobank also cites rising grain and oilseed price volatility and concerns about autumn avian influenza outbreaks.
Volatile feed grain and oilseed prices and possible avian flu outbreaks could tighten poultry supply and shift chicken prices. Trade restrictions on Brazilian exports add to global price uncertainty.
foodagribusiness.worldTony McDougalSep 21, 2018Not enough comparable past events yet for a historical read.
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.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
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.
