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Traders placed a record bet on a rising yen, which reached an almost five-month high of 148.56 per dollar the prior week. The move followed a fall in U.S. Treasury yields and a rise in Japanese bond yields.
A stronger yen lowers Japan's import costs for feed and energy, but the currency move has little direct bearing on grain prices.
reuters.comHarry RobertsonMar 3, 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.
