The Philippine Department of Agriculture expects poultry output to lead third-quarter farm data, while rice, corn and pork are likely to reflect fertilizer, feed, weather and fuel cost challenges. The PSA reported seasonally adjusted corn output down 21.3 percent quarter on quarter and palay output down 18 percent year on year.
Lower Philippine corn and rice output raises the country's import needs for feed grains, supporting demand for imported corn and feed ingredients. Rising poultry output adds to feed demand.
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.
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.