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The baht opened at 36.29 per dollar on November 22, weakening slightly from 36.23 at the previous close. Analysts blamed risk-off sentiment tied to China's Covid situation, which prompted foreign sales of emerging-market assets.
Traders were told to watch Federal Reserve statements on the pace and ceiling of rate rises.
A weaker baht raises the local cost of imported feed and other dollar-priced goods. The move reflects broader emerging-market risk sentiment rather than a grain-specific driver.
nationthailand.comNov 22, 2022Not 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.
