Rupiah Breaches Rp18,000, Prices of Goods Likely to Rise Further

Not enough comparable past events yet for a historical read.

After 57 past bullish macro events, Wheat (SRW) moved a median +0.3% over 5 sessions (65% higher; middle half -0.5% to +1.7%), and -0.7% over 20.

• Mar 10, 2021Food prices rise globally as countries compete to replenish stockpiles, bad weather hits crops - ABC News-0.4%
• Jan 21, 2022The Fertilizer Crisis Is Getting Real for Europe Food Prices - Bloomberg+0.5%
• May 7, 2021Fed's super-easy policy likely to stick after weak jobs report+3.7%
• Jun 3, 2016Wheat prices surge over one percent before the weekend+4.2%
• Apr 30, 2021Inflation-tolerant Fed will boost commodity prices | Reuters-5.5%

After 44 past bullish macro events, Soybean Meal moved a median -0.6% over 5 sessions (34% higher; middle half -1.9% to +0.9%), and -2.9% over 20.

• Jan 27, 2020Due to oil prices on the world market, the prices of all commodities are rising – Lider Media-2.4%
• Jul 15, 2022Runaway price hikes has soy farmers hoarding all they can | Buenos Aires Times-10.3%
• Sep 21, 2026Particle: Argentina’s Official Dollar Steady as Parallel Rates Rise to Records+2.1%
• Feb 21, 2021Go Behind the Chinese Grain Market Rally of 2020/21 | StoneX-0.6%
• Jun 10, 2021In the eye of the storm: How the oilseeds market emerged as the global driver of agriculture markets, its role in wider food price inflation - Fastmarkets-2.1%