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Australian CPI rose 0.4% month on month in January and 3.8% year on year, with core inflation rising to 3.4% from 3.3%, the highest in over a year. Investors raised bets on a Reserve Bank of Australia rate hike in May to about 80%.
Higher Australian rates tend to strengthen the AUD, which can lift the currency's relative pull on Australian grain and oilseed export competitiveness and shifts the USD-denominated cost base for feed importers in the region.
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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.