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Banco de la República's Q1 2022 financial markets report describes global inflation accentuated by commodity price increases after Russia's invasion of Ukraine, central banks withdrawing stimulus, and China's COVID-related uncertainty. It notes Latin American currencies benefited from better terms of trade, with the Colombian peso appreciating on oil prices.
The report is a backward-looking review of macro and currency conditions rather than a new shock, so its direct impact on feed prices is limited. It reinforces that commodity-driven terms of trade are supporting Latin American currencies.
d1b4gd4m8561gs.cloudfront.netApr 22, 2022Not enough comparable past events yet for a historical read.
After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.
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.
