
Nonghyup Feed and POSCO International signed an MOU on a stable supply chain for imported feed ingredients, following a 2022 agreement. The two companies traded 1.8 million tonnes over the past five years, with a record 460,000 tonnes (about $110 million) last year.
The deal secures sourcing for Korean livestock feed amid volatile global grain markets, with priority purchase rights and shared market information. It is a supply-side arrangement with little immediate effect on world prices.
After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 224 past neutral trade events, SBM moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.