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The Bangko Sentral ng Pilipinas' seven-day term deposit facility drew P74.66 billion in bids against an P80 billion offer, and it awarded P74.36 billion. The weighted average accepted yield rose to 5.5429% from 5.4726%, as the market expects October inflation to accelerate.
Higher short-term deposit yields reflect tighter Philippine monetary conditions as the central bank responds to inflation. This affects borrowing costs for feed businesses but has no direct commodity price effect.
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.