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The baht opened unchanged at 29.95 per US dollar on January 21, 2021, with traders awaiting a Bank of Thailand meeting. Risk sentiment improved after Joe Biden's inauguration, lifting the S&P 500 and WTI crude to $53.20 per barrel.
A firmer baht and stronger risk appetite have little direct effect on feed grain supply, but a stronger crude price modestly supports energy-linked feed costs.
nationthailand.comJan 21, 2021Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
