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Peru's finance minister told congress that public and private investment both grew in the third quarter for the first time in four years. The 2018 budget plans public spending growth of 17.5% in real terms and a US$70bn infrastructure and mining investment pipeline.
The economy is forecast to expand 2.8% in 2017 and 4% in 2018.
Higher government spending and mining investment support Peruvian economic activity and domestic demand, with limited direct effect on feed grain or meal prices.
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.