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Citi's US FX head Fuad Muvdi said carry trades in the Colombian peso, Brazilian real and Argentine peso still work, but returns are unlikely to match recent years. Barclays and Citi both warned that rising volatility and narrowing yield gaps could erode profits.
They also flagged the risk of sudden currency shifts.
This is a financial-market view on emerging-market currency strategy with no direct supply or demand effect on feed commodities. Any price impact is indirect at most.
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.