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Poultry industry economist Paul Aho told the IPPE forum that corn and soybean costs are at cyclical lows and likely to rise. He cited strong economic conditions, commodity strength and possible Chinese ethanol demand growth under an E-10 plan by 2020.
Aho's view that the grain cycle is near its bottom points to higher feed costs ahead for buyers. Hedging programs may be worth reviewing.
wattagnet.comRoy GraberMar 1, 2018After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% 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.
