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The rupiah traded near Rp 14,360 per US dollar on Friday, weakening about 6% since end-2017 and hitting its lowest since October 2015. Pressure came from US-China trade concerns, possible Fed hikes, and Indonesia's trade and current account deficits.
A weaker rupiah raises the cost of imported feed ingredients and corn and soy meal priced in dollars for Indonesian buyers, while also pressuring domestic feed margins.
databoks.katadata.co.iddataboks.katadata.co.idJun 29, 2018Not enough comparable past events yet for a historical read.
After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% 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.
