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The Reserve Bank of Australia held its cash rate at 1.50% on 6 November 2018. The statement noted continued global expansion, slower Chinese growth, a broad rise in the US dollar this year, and trade policy as a key uncertainty.
Steady Australian rates and the cited trade risks have limited direct impact on feed commodity prices. The statement mainly supports the AUD backdrop for Australian grain and meal exporters.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaNov 6, 2018Not 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.
