The ongoing wave of bird flu in the US could put a minor dampener on prices for soybeans, corn and wheat. According to government authorities, poultry in Michigan has now also tested positive for the pathogen H5N2.

21 states in the US are now affected, and 46 million chickens and turkeys have already died from the disease or been killed for safety reasons. This is the biggest outbreak of bird flu in the history of the US and could give rise to a much gloomier demand outlook for poultry feed, States Commerzbank.