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Colombia's central bank raised its benchmark interest rate to 11.25% on March 31, its second consecutive hike. The government also withdrew its representative from the bank's board.
Tighter Colombian monetary policy aims to curb inflation and wage pressures from the Middle East conflict, which can firm the peso and modestly weigh on local demand for feed-using livestock output. The direct grain price impact is limited.
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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.