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Rabobank's Q3 global poultry report flags volatility from China's safeguard measures on Brazilian poultry and rising US-China trade tensions. It notes China's planned tariffs on US agricultural goods, including soybeans, and a 25 percent tariff on US chicken.
Expected Chinese tariffs on US soybeans could raise feed costs in China and shift soybean sourcing to Brazil, affecting soybean and meal price relationships.
meatpoultry.comMEAT+POULTRY StaffJun 29, 2018Not enough comparable past events yet for a historical read.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), 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.
