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Asia-Pacific equities fell after weak Apple and Amazon earnings, while Australian 10-year yields jumped nearly 30 basis points to above 2.00%. The US dollar pared its weekly losses against major currencies, and emerging market currencies came under pressure.
Rising global yields and a firmer dollar tighten financial conditions for emerging-market importers of feed grains, but the effect on commodity prices is indirect and modest.
snbchf.comMarc ChandlerOct 29, 2021Not 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.
