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Avian flu detections across Asia, Europe, Africa and the US have led to millions of culled birds and a wave of import restrictions on eggs and chicken meat. Trade flows for US chicken, eggs and grains are being redirected as buyers switch suppliers.
Import bans on US poultry shift export demand for feed grains and soybean meal toward other origins, while lower US poultry exports can weigh on domestic poultry feed demand.
reuters.comTom PolansekApr 13, 2017After 145 past neutral disease events, CORN moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 98 past neutral disease events, SBM moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% 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.
