Loading…
Crédit Agricole and Krungthai Bank forecast the baht could strengthen to 32.80 per dollar, driven by foreign inflows into Thai bonds totaling $604 million in October. The baht closed October 23 at 33.76 and had weakened more than 8% since February.
Expected baht appreciation on bond inflows would lower the cost of dollar-priced imports for Thai buyers. The forecast is a currency view with no direct effect on feed commodity 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.