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The Turkish lira weakened past 50 per US dollar for the first time, trading near 50.02 in Istanbul on November 4. The currency has lost more than 18% against the dollar over the past year, and the central bank cut its policy rate by 1 percentage point to 36% in October.
Lira depreciation raises the local-currency cost of imported feed ingredients for Turkish buyers, but it is a currency story with no direct effect on global feed commodity prices.
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.