South Korea steps up inflation fight with back-to-back rate hikes

After 78 past neutral macro events, Corn moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% over 20.

• May 14, 2018Inflation forces building+1.7%
• Feb 22, 2017Mexico to offer up to USD$20 billion in forex hedges to aid battered peso | El Universal-0.1%
• Jul 25, 2023Argentine IMF concessions risk further fueling red hot inflation-13.4%
• Dec 15, 2022U.S. soybean futures fall; corn, wheat firm with focus on economy | Reuters+2.2%
• Sep 6, 2019China cuts reserve ratio as it boosts stimulus amid trade woes | The National-1.8%

After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% over 20.

• Apr 27, 2023Argentina seeks to tame inflation, peso with biggest rate hike since 2019 | Financial Post-0.7%
• Apr 22, 2025Argentina's surprise peso strength tempers fears of inflation comeback | Reuters-2.2%
• Jan 30, 2025Brazil central bank hikes rates by 100 bps, confirms same in March-0.5%
• Jun 27, 2019Brazil's central bank slashes 2019 GDP growth forecast, sees benign inflation-2.4%
• Aug 28, 2026Exchange rate heats up to close August. Is Milei changing strategies? - Buenos Aires Herald+2.5%