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The US dollar against the Turkish lira briefly passed 50 lira in Istanbul's free market, a record high. Euro prices also rose, and the BIST 100 index gained about 0.7% in the first half of the session.
A weaker lira raises the lira cost of imported feed ingredients for Turkish buyers, while the dollar strength is a modest headwind for dollar-priced grain and meal.
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.