Feed Strategy reports that the Iran war is putting serious pressure on animal feed supplies in the Middle East and Gulf states. Hostilities resumed in July and problems around the Strait of Hormuz have disrupted supplies of key raw materials used in feed production.
A shortage this year is possible.
Disrupted raw material imports into Gulf feed mills tighten regional feed supply and push up demand for alternative feed grains and meals, supporting prices for imported feed ingredients.
After 323 past bullish geopolitics events, CORN moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.
After 34 past bullish geopolitics events, SBM moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +3.5%), and +1.2% over 20.
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.