
The Colombian poultry federation Fenavi said a proposed tax measure would raise VAT on corn, soybeans and other poultry feed inputs from 5% to 19%. It asked Congress to review the proposal and for faster VAT refunds to producers.
A higher VAT on feed inputs would raise Colombian poultry feed costs and could reduce domestic demand for corn and soybean imports. If enacted, it would weigh on feed-ingredient demand in Colombia.
After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.