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Deliverable forward trading in the Korean won rose 14.3% quarter on quarter to an average of $4.79 billion a day in Q3, according to the Bank of Korea. NDF trading grew 3.1% to $19.42 billion, and the DF share of total forward trading rose to 19.8%.
This is the first quarterly reading since 24-hour won trading began in July.
This is a currency-market structure story with no direct feed or grain price mechanism. It has no meaningful impact on feed commodity prices.
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.