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In New York trading on November 5, dollar-yen was little changed at 157.74 at 4 a.m. after reaching 157.54. Continued US share-price declines and lower 10-year Treasury yields supported yen buying; the euro also weakened against the yen.
A stronger yen can lower the local-currency cost of imported feed ingredients for Japanese buyers. This was a routine currency move with no direct change to agricultural supply or demand.
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.