
Commentary previews a week of key data and events, led by the US midterm elections on November 3 that will decide control of Congress. Korea is also set to release October consumer inflation and trade figures.
US payroll data is due on November 4 and 6, and the Federal Reserve held rates steady in October.
A Democratic win in Congress could limit fiscal and tariff policy and shift dollar and rate expectations, which affects commodity prices and import costs for feed buyers. Strong US jobs and inflation data could also raise expectations of a December rate hike, supporting the dollar.
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.