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Colombia's peso fell about 1% on June 29 after the central bank held its benchmark rate at a record low of 1.75%, and it lagged Latin American peers as renewed pandemic fears pushed investors toward the dollar. Brazil's real fell 0.7% in the same move, while the Mexican peso extended its winning streak to seven sessions.
A weaker real and peso raise the local-currency cost of imported feed ingredients and make Latin American grain and meal purchases more expensive for regional buyers. Currency moves of this size are routine and have little effect on global feed prices.
brecorder.comReutersJun 29, 2021Not enough comparable past events yet for a historical read.
After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.
Not 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.
