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A Reuters fortnightly poll of 11 analysts showed rising short positions on the Indonesian rupiah and the Thai baht, with the baht shorts at their highest since October 2022. Analysts cited weak tourism-driven growth in Thailand, a dividend payout season for foreign investors, and a policy disagreement between the government and central bank.
Persistent pressure on Asian currencies raises import costs for feed-buying Southeast Asian markets and can weigh on local demand. The poll reflects sentiment rather than a direct change in grain or oilseed supply.
reuters.comArchishma IyerApr 4, 2024Not 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.
