
The won-dollar rate has climbed toward 1,470 after rising from the 1,400 level in early October, nearing the yearly high of 1,481.1. Foreign investors sold 12.7 trillion won of Korean equities through Nov.
21, and Korean residents' overseas investment adds structural pressure on the currency.
A weaker won raises the local-currency cost of imported feed ingredients priced in dollars, such as corn, soybean meal and other commodities. Buyers in Korea face higher landed costs even if dollar prices are flat.
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.