
The US Treasury kept South Korea on its currency monitoring watchlist in its latest report, citing a $52 billion trade surplus with the US and a current account surplus of 5.9% of GDP. The report noted Korean authorities net sold dollars to support the won, and the won was quoted at 1,432 per dollar at the start of Friday trading.
Continued scrutiny adds policy caution around won intervention, which affects the currency cost of dollar-priced feed imports. The effect on grain and meal prices is limited.
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.