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Retail egg prices for generic white eggs are at their lowest levels in a long time due to overproduction. China is conducting an audit of U.S. bird flu procedures, and both sides plan to meet in September about reopening poultry trade.
A possible reopening of China's poultry market would expand U.S. chicken exports and support domestic poultry demand for feed.
aginfo.netJul 11, 2017Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
