Philippine bank economists warned that inflation could exceed 8% in November and December due to higher transport fares, electricity rates, wages, high oil prices and El Niño food supply threats. A Bangko Sentral ng Pilipinas survey showed business sentiment improved slightly in September but firms remained concerned about fuel costs and peso weakness.
Higher feed and fuel costs and peso depreciation raise the cost of imported feed ingredients for Philippine livestock and poultry producers. The article does not provide a direct commodity price driver.
After 238 past macro events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -2.1% to +1.7%), and -0.5% over 20.
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.