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The Australian dollar hit its highest level in about a week against the US dollar after August CPI rose 3.0% year on year, above the 2.9% forecast. Market odds of a September RBA cut fell sharply after the data.
Firmer inflation reduces RBA easing and supports the Aussie, a currency move that affects Australian export competitiveness for grains and meal but has little direct feed price impact.
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.