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Ivan Duque won Colombia's presidential runoff on June 17 with 54% of the vote, defeating leftist Gustavo Petro, and will take office in August. The peso fell 0.95% to 2,923.05 per dollar on June 18 and the TES bond yield rose to 6.17%, as analysts blamed external factors.
The election outcome is a political event with limited direct effect on feed grain or protein prices; the main market impact is currency volatility affecting Colombian import costs.
stabroeknews.comStabroek NewsJun 19, 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.
