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The Thai baht rose to its strongest level against the dollar in over five years on hopes of a US-China trade deal that would avert retaliatory tariffs. Analysts expected further appreciation past the 31 per dollar level.
Trade-deal hopes lower tariff risk for agricultural flows, while a firmer baht reflects easing dollar demand; both are relevant to feed-price sentiment.
bangkokpost.comOranan Paweewun, Somruedi BanchongduangFeb 20, 2019Not enough comparable past events yet for a historical read.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% 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.
