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US midterm election voting began on November 3 (Korean time), with all 435 House seats and 35 Senate seats up for vote. Korean brokerages expect the won-dollar rate to trade in a range, with Meritz Securities projecting 1,310 to 1,370 won for the month, and say oil prices and the Fed's tightening path tied to the US-Iran war matter more than the election outcome.
Analysts see limited direct effect of the midterms on the dollar, so the main price channel for feed inputs runs through oil and Fed policy; a weaker won would raise the local-currency cost of imported feed ingredients.
jabon.co.kr강혜림 기자Nov 3, 2026Not enough comparable past events yet for a historical read.
After 102 past neutral macro events, WTI moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.
After 54 past neutral macro events, BRENT moved a median +0.4% over 5 sessions (57% higher; middle half -2.8% to +2.5%), and +0.6% 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.
