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Japan has begun culling more than 300,000 chickens and ducks after highly contagious bird flu was found on farms in northern Japan. It is the first outbreak in Japan in nearly two years.
Japan is a modest poultry producer and importer, so the cull has limited direct global feed price impact, though it may raise demand for poultry imports.
reuters.comAyai TomisawaNov 29, 2016After 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.
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.
