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Kasikorn Research said the Thai baht weakened last week amid domestic political concerns, foreign fund outflows and rising US bond yields. It expects the currency to trade between 32.10 and 33.00 per dollar in the week of August 25-29, with July export data a key focus.
A weaker baht lowers the local cost of dollar-priced feed imports but raises the cost of imported ingredients through currency risk; the impact on global commodity 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.