
Democrats won control of both chambers of Congress in the November 3 US midterms, and expectations of a weaker dollar pushed the won stronger, with the dollar-won closing at 1,341.5 after touching 1,336.1 intraday. Analysts note that a stronger won reduces the won value of overseas earnings for Korean financial holding companies, whose nine-month net profit reached 19.6 trillion won.
Expectations of a weaker dollar would lower the won cost of dollar-priced feed imports, a mild easing for Korean feed buyers. The effect on grain prices themselves is indirect.
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.