Philippine bank economists warned that price pressures from transport fares, electricity rates, wages, high global oil prices and El Niño could push inflation above 8% in November and December. The same business digest also reported that business sentiment improved in September and that the Japanese Chamber of Commerce raised concerns about a DOE/DENR administrative order.
Higher inflation and fuel costs in the Philippines weigh on the peso and on feed and food import costs, while El Niño raises supply risks. There is no direct grain price move from these items.
After 541 past macro events, Corn moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.