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The Mexican peso rose as much as 1.9% after earlier falling 2.9% to 21.2882 per dollar, its weakest level in nearly three years, as US tariffs on Mexican products were delayed. It closed the session up 1.7% at 20.33.
Peso strength makes Mexican feed and grain imports cheaper in dollar terms, supporting Mexican buying demand for US corn, soybean meal and DDGS. Tariff uncertainty drives volatility in that currency.
reuters.comRodrigo CamposFeb 3, 2025Not enough comparable past events yet for a historical read.
After 78 past neutral macro events, Corn moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% 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.
