
South Korea's foreign exchange authorities sold a net $800 million in currency market intervention in the second quarter, after selling $2.96 billion in the first quarter, central bank data showed. It was the third consecutive quarter of dollar sales to curb won losses.
The won strengthened 8.7% against the dollar in the quarter.
Won intervention and a stronger won shift the currency backdrop for Korean feed importers and can modestly ease dollar-denominated feed costs, though 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.