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DTN reports that JBS chairman Joesley Batista is caught up in a Brazilian bribery scandal, with testimony showing at least $2.2 million in bribes to President Temer. JBS is not under investigation in the U.S., and about half its revenue comes from U.S. operations.
The scandal mainly affects corporate and political risk for a major meatpacker, with limited direct effect on feed commodity prices.
dtnpf.comChris ClaytonMay 19, 2017After 456 past macro events, Soybeans moved a median -0.0% over 5 sessions (50% higher; middle half -2.1% to +1.6%), 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.
