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Foreign speculators have been heavily betting on the Thai baht, which has weakened as Thailand's twin deficits pressured the currency. KBank expects these speculative positions to unwind in November, with the baht gradually recovering in December.
A weaker baht lowers the cost of Thai-origin commodity and feed-related imports in dollar terms only marginally for this buyer base, so the direct effect on feed prices is minimal.
bangkokpost.comSomruedi BanchongduangOct 20, 2021Not 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.
