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South Korea and the US agreed to pursue a 'July Package' comprehensive deal to eliminate US tariffs on Korean exports before the July 8 expiry of the 90-day reciprocal tariff grace period. Discussions will cover tariffs, economic security, investment and exchange rates.
A framework for removing tariffs on Korean goods reduces near-term trade uncertainty for Korean feed and food importers, though no concrete commodity flows change yet.
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.