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The won fell 1% to 1,288.6 per dollar on May 12, its weakest close in 13 years, prompting President Yoon Suk-yeol to call an emergency meeting. US consumer prices rose 8.3% year on year in April, above forecasts.
A sharply weaker won raises the local-currency cost of imported feed grains and meal, pushing up Korean feed prices.
kedglobal.comMi-Hyun Jo, Dong-Wook JwaMay 12, 2022Not enough comparable past events yet for a historical read.
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.
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.
