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The Mexican peso slipped against the dollar as February inflation rose as expected and supported further Banxico rate cuts. Mexico's Q4 GDP contracted 0.6% quarter on quarter, raising recession concerns.
Recession risk and rate-cut divergence with the Fed weaken the peso and Mexican demand for imported feed, a mild bearish signal for US feed grain exports.
streamforex.orgFeb 24, 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.
