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The Japanese yen hovered near three-month lows against the dollar after touching 153.18. Analysts cited the upcoming Japanese elections, strong US growth indicators and the persistent interest rate gap as pressure on the yen.
A weak yen raises the dollar cost of imported feed and makes Japanese buyers more cautious on US corn and soymeal purchases, a mild bearish influence on prices.
cnbc.comLim Hui JieOct 24, 2024Not 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.
