Animal Feed Production in Brazil to Exceed 98 Million Tonnes

After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

• Jan 28, 20173.7% rise in animal feed production+2.0%
• Dec 15, 2020Surging feed prices will test recovery in US animal protein production-1.7%
• Feb 1, 2017World stockfeed production eclipses one billion tonnes for first time - Grain Central-0.1%
• May 10, 2024USDA Lowers Estimates for Brazil Corn and Soy Production+2.4%
• Dec 23, 2022Brazil crop production outlook+2.1%

After 414 past bullish report events, SBM moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

• Jan 28, 20173.7% rise in animal feed production-3.3%
• Dec 15, 2020Surging feed prices will test recovery in US animal protein production+8.3%
• Feb 11, 2022Conab Lowers Brazil's 2021/22 Soybean Production 15 Million Tons-1.4%
• Feb 1, 2017World stockfeed production eclipses one billion tonnes for first time - Grain Central+0.4%
• May 10, 2024USDA Lowers Estimates for Brazil Corn and Soy Production-0.6%