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Investors are increasingly wary of Latin America as a string of elections, protests and COVID-19 weigh on the region. Peru's presidential race between two polarized candidates is cited as a key example.
The region's economy shrank 7% last year, per the IMF.
Regional political and currency risk can slow investment and weaken local currencies, affecting regional import costs for feed. The effect on grain and meal prices is indirect and not an immediate price driver.
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.