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Turkey's consumer-price-based real effective exchange rate index rose to 107.76 in October from a revised 105.10 in September. It is the highest reading since February 2020, and the nominal lira was trading above 50 per dollar.
A stronger real lira makes Turkish exports less competitive, which may reduce demand for Turkish processed food and feed products. Its direct effect on world feed commodity 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.