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Bank Negara Malaysia stated on August 9 that ringgit futures on SGX and ICE, and their offshore trading, are inconsistent with Malaysian foreign exchange policy. The bank recalled its November 2016 action forcing offshore traders to stop trading the ringgit on the NDF market.
The policy stance on offshore ringgit trading affects currency market structure rather than farm commodity supply or demand, so its price impact on feed is negligible.
straitstimes.comAug 9, 2017Not 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.
