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The Colombian peso fell as much as 3.2%, extending its weekly losses, as traders worried about a widening fiscal deficit and an increase in the debt ceiling. It was the worst-performing currency globally on Thursday, reaching its weakest level since October before trimming losses.
A weaker peso raises the local cost of imported feed ingredients and can pressure Colombian feed buyers' margins. The currency move is a modest, indirect signal for regional feed import prices.
bloomberg.comNicolle YapurJun 13, 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.
