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The chairman of the South African feed association AFMA discussed the sector's challenges, including drought-driven high maize and soybean prices, chicken dumping, and avian influenza. He noted that good rains later produced a record maize and soybean crop, pushing grain prices lower.
Lower South African maize and soymeal prices after a record crop ease feed costs, but avian influenza losses reduce poultry feed demand in the near term.
foodagribusiness.worldloutjie dunn, chairman of afmaMar 12, 2018After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 50 past bearish disease events, Soybeans moved a median +0.5% over 5 sessions (58% higher; middle half -1.7% to +2.4%), and +0.0% 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.
