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Euromoney argues that the slowdown in China, driven by its trade dispute with the US, is exposing Latin American economies that export heavily to China. It notes that the renminbi's decline has coincided with weaker currencies in Brazil, Chile and Peru, all of which send over 20% of exports to China, mostly commodities.
Weaker Chinese demand for commodities from Brazil and Chile could pressure export prices for soy and other feed inputs. Currency weakness in those countries can also shift export flows and farm selling pace.
euromoney.comRob DwyerAug 2, 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.
