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Colombia's central bank cut its benchmark rate by 50 basis points to 10.25%, and the peso weakened 0.4% against the dollar on the day. Latin American currencies were on course for their biggest monthly gain in 10 months, helped by a metals rally.
Lower Colombian rates and a softer peso tend to weaken the currency against the dollar, which raises the cost of imported feed inputs in Colombia. The broader Latin American currency rally has little direct effect on grain or meal prices.
livemint.comReutersSep 30, 2024Not 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.
