
The Bank of Japan released minutes of its September meeting, in which members agreed that continuing to raise the policy interest rate was appropriate. One member said the rate should move closer to target relatively soon while keeping flexibility in either direction.
Members said they would speed up hikes if signs of rising prices appeared.
A hawkish BoJ narrows the rate gap with the US and supports the yen, which lowers the yen cost of dollar-priced feed imports. Price effects on feed commodities are indirect.
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.