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The Colombian central bank auctioned $400 million in put options as part of an ongoing reserve accumulation program running since October 1. The options are tied to possible reduction of Colombia's $11.5 billion IMF flexible credit line and are in force December 4 to December 28.
Reserve accumulation is a currency-supportive operation that is not aimed at moving the exchange rate, so the direct effect on feed import prices is small. It is a routine monthly step rather than a new shock.
financecolombia.comJared WadeDec 3, 2018Not 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.
