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Rabobank's Q3 2018 Global Poultry Quarterly says global poultry trade has become highly volatile, centred on Brazil's weak flesh investigation and a truckers' strike that led to bird culls. It expects turmoil to continue in the second half, with US-China tensions and new Chinese safeguards on Brazilian poultry.
Shifts in Brazilian poultry export flows and possible feed cost volatility could move meal and grain demand in the coming months.
perishablenews.comRabobankJul 5, 2018Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
