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Turkey's ISO manufacturing PMI fell to 47.3 in October from 47.9, marking the 31st month of contraction, with new orders falling at the sharpest pace in three months. Consumer confidence rose 1.8 points to 70.4.
CBRT gross reserves fell 6.9 billion dollars to 162.2 billion in the week to 23 October.
Weak Turkish factory demand and falling reserves point to lower feed demand and continued lira pressure. The effect on world feed prices is small.
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.