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A Dutch feed company says drought in Northwestern Europe cut harvests and raised feed raw material costs by three to four euros per 100 kg. Drought-damaged corn has little cob and starch, which lowers its feed value, and the company expects raw material prices to stay high or rise slightly.
Lower European grain yields and poorer corn quality support higher feed grain prices in the region and reduce the appeal of corn for dairy rations, so buyers should expect firm input costs.
demolenaar.nlDaniël KooistraSep 14, 2018After 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.
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.
