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The Bank of Korea raised its base rate 25 basis points to 1.75%, its second straight hike, on May 26. The won traded at 1,266.51 after the decision, and Asian equities were mixed after hawkish Fed minutes.
Rate hikes and a firmer won modestly lower the cost of imported feed ingredients for Korean buyers, with no direct supply effect on grains.
cnbc.comEustance HuangMay 25, 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.
