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The dollar weakened after Democrats won control of both the House and Senate in the US midterms, raising doubts about the Trump administration's fiscal expansion and debt issuance plans. The 10-year US Treasury yield fell about 8 basis points to 4.884%, and the won traded around 1,340 per dollar in early Seoul trading on November 5.
Lower US yields and a weaker dollar reduce financing and import costs for dollar-priced feed, while the won's level sets local prices for soybean meal, corn and other imports.
businesskorea.co.krYoon Young-silNov 5, 2026Not 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.
