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The Mexican peso weakened further on June 7 as Lopez Obrador repeated his call for a controversial judicial overhaul. The peso was on track for its largest weekly decline since the covid lockdowns in March 2020.
Continued peso weakness increases the cost of imported feed inputs for Mexican livestock and feed producers, which can dampen US grain and meal import demand.
reuters.comRodrigo CamposJun 7, 2024Not 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.
