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The Central Bank of Colombia bought $1 billion from the national Treasury as part of a program to increase its international reserves, announced January 31. The Treasury had raised $2 billion internationally in October 2018 and needed to convert part of it into pesos to fund investments.
This is a central bank and treasury financial operation with no meaningful link to feed or agricultural commodity supply, demand or prices.
centralbanking.comVictor Mendez-BarreiraFeb 4, 2019Not 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.
