
In October, falling corn prices improved São Paulo egg producers’ purchasing power for the grain after three consecutive months of deterioration, because corn prices fell more than egg prices. Cepea attributed the decline in corn prices to ample domestic availability, lower international quotations and a weaker dollar; soybean meal prices continued to pressure production costs.
Ample corn supply and lower import/export-parity support weigh on corn prices, easing poultry feed costs. Continued strength in soybean meal offsets part of that relief for producers.
Not enough comparable past events yet for a historical read.
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.