Philippine bank economists warned that inflation could exceed 8% in November and December, driven by higher transport fares, electricity rates, wages, stubbornly high oil prices and the threat of El Niño to food supply. A central bank survey found business sentiment less pessimistic in September, though firms remained concerned about fuel costs, inflation and peso depreciation.
Elevated domestic inflation and a weaker peso raise the cost of imported feed for Philippine buyers. El Niño risk to regional food supply is a longer-term upward pressure on feed prices.
After 456 past macro events, Soybeans moved a median -0.0% over 5 sessions (50% higher; middle half -2.1% to +1.6%), and -0.4% over 20.
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.