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Thailand's trade surplus widened to $1.6bn in June from $1.2bn in May, beating the consensus forecast of $1.3bn. Exports grew 8.2% year-on-year and imports 10.8%, while the cumulative first-half surplus of $3.5bn has more than halved from a year earlier.
A shrinking external surplus weakens the baht and reserves, which is macro news for Thai currency rather than a direct grain or feed driver, so the price implication for feed commodities is minimal.
think.ing.comJul 20, 2018Not 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.
