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The peso strengthened 27 centavos to close at P63.47 per dollar, its best close in almost two weeks, as hopes for a Middle East peace deal pulled oil prices lower. The US reportedly struck Iran's Qeshm Island earlier in the week, and Qatari mediators were in Tehran for talks.
Lower oil prices on peace hopes reduce freight and energy costs for feed importers and ease pressure on the peso that had been raising imported feed costs. Oil and currency moves tied to the Iran conflict remain volatile, so feed buyers should expect whipsawing prices.
bworldonline.comCEDTyCleaNov 3, 2026Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, BRENT moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
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.
