
Indonesia urged the United States to avoid protectionism, citing a week in which U.S. Treasury Secretary Steve Mnuchin said dollar weakness had its benefits. The article notes that about 16 percent of Indonesia's trade is directly with the US, with further indirect exposure through Singapore and Japan.
Rising trade-policy friction and currency swings can shift import demand and feed-ingredient flows for Indonesia, a major buyer of soymeal and corn. The direct price impact for feed commodities is modest.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.