Loading…
The WATT World Feed Panorama reports global compound feed output reached 893.2 million tonnes in 2016, up just 1.0% from 2015. Slowdown factors include avian influenza in Europe and Asia, oversupply in Asia and China's currency devaluation.
Slower global compound feed growth reduces demand growth for feed grains and proteins, a bearish factor for ingredient prices if the trend continues into 2017.
wattagnet.comChris Wright, Peter BestMay 9, 2017After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 399 past bearish report events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
Not enough comparable past events yet for a historical read.
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.
