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The Thai baht fell to a low of 31.64 per dollar, its largest single-day decline since October 22 of the previous year. It had partly rebounded on Monday morning ahead of the Thailand elections.
Political event risk ahead of elections drove a short-term weakening of the baht, which modestly affects Thai import and export pricing for feed inputs.
Not 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.