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The Reserve Bank of Australia published minutes of its 7 April 2020 meeting. Members reviewed the COVID-19 outbreak, noting heavy economic damage, volatile financial conditions in March, and central bank rate cuts and bond purchases that had stabilised but not fully restored markets.
Monetary easing and dollar moves affect currency-driven commodity pricing and risk appetite, but the minutes themselves carry limited direct supply or demand news for feed ingredients.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaApr 7, 2020Not 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.
