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The Bank of Korea unexpectedly held its policy rate steady as political turmoil and a sharp won slide weighed on markets. The won had weakened 10.6% against the dollar in the last quarter of 2024, its biggest quarterly drop since 2008.
Currency weakness and an on-hold central bank raise Korea's import costs for feed and soybean meal. This has limited direct effect on global grain prices.
reuters.comCynthia KimJan 16, 2025Not 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.
