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The baht fell as confidence weakened over Thailand's plan to reopen to foreign tourists from mid-October amid a fourth virus wave, with capital outflows from the kingdom. The currency sank below 32 per dollar to a 13-month low, and the Bank of Thailand confirmed strong outflows in late 2020 and May 2021.
The story is a currency and macro sentiment move tied to the pandemic and tourism, with little direct effect on feed grain or meal prices.
thaiexaminer.comJoseph O' ConnorJun 30, 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.
