
The Indonesian Feed Manufacturers Association (GPMT) projects 2026 compound feed output could reach 22.3 million tons, up about 10.2%, with a further 7% rise expected in 2027. Syngenta Indonesia estimates a corn shortfall of about 1 million tons this year amid drought-delayed planting, and feed-material imports reached 8.29 million tons by November 2, already above full-year 2025 imports.
Indonesia's rising feed output and corn deficit increase its reliance on imported feed ingredients, supporting demand for corn and soymeal imports until new harvest arrives in early 2027.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.