
Japan's core consumer price index, which excludes one-off factors, rose 3.2% year on year in September, the fastest pace in three years and up from 2.6% in August. The Bank of Japan is expected to hold rates at 1.25% at its policy meeting while signaling readiness for further hikes.
Rising Japanese inflation and expected rate hikes support the yen and reflect stronger domestic demand, which has little direct effect on feed grain prices. The mechanism for feed buyers runs through currency moves rather than through food demand.
Not 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.