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The Philippine peso weakened by 8.5 centavos on Friday to close at 63.055 per dollar. An economist cited a 5% contraction in third-quarter agricultural output and a September unemployment rate of 5.4% as concerns weighing on growth and the currency.
A weaker peso can increase the cost of imported feed ingredients, while the broad agricultural-output figure does not specify a commodity-level supply impact.
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.