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Colombia's peso fell 2.3% to 4,424 per dollar early in the session, a week after hitting record lows against the U.S. currency. The central bank board chief defended the country's foreign exchange policy amid the selloff.
A weaker peso raises the local cost of imported feed ingredients for Colombian buyers and signals tighter import purchasing power, while a firmer dollar generally pressures dollar-denominated grain prices.
reuters.comNelson BocanegraJul 21, 2022Not 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.
