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The RBA cut its cash rate by 25 basis points to 3.85%, and its statement and projections were more dovish than expected. The GDP forecast for 2025 was lowered to 2.1%, and markets now expect about 85 basis points of further cuts by mid-2026.
Expected rate cuts weaken the AUD, which can reduce the cost of Australian grain and barley for export buyers. The effect on feed prices is limited.
babypips.comPippoMay 21, 2025Not 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.
