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Asian markets rose on December 20 as Japanese stocks extended gains after the BOJ kept its ultra-loose policy and Governor Ueda struck a dovish tone. The People's Bank of China held its one-year loan prime rate at 3.45% and its five-year rate at 4.2%.
China's CSI 300 closed 1.1% lower while Australia's ASX 200 hit a 10-month high.
Unchanged Chinese lending rates and a dovish BOJ leave near-term demand and currency pressure on feed commodities largely unchanged, so there is no clear price signal for feed buyers.
cnbc.comShreyashi SanyalDec 20, 2023Not 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.
