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The baht strengthened beyond 31 per dollar on February 23, supported by higher gold prices, a weaker US dollar and foreign inflows into Thai assets. Local banks said the baht could keep strengthening on capital inflows and investment.
A stronger baht raises the dollar cost of Thai exports and can reduce their competitiveness in global markets. This is a currency-driven factor with only a small effect on feed commodity pricing.
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.