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Mexico's peso is the world's best-performing major currency so far this year and ranks highest on a list of real effective exchange rates. Investors are reluctant to bet against it given its strength.
A persistently strong peso makes US grain and meal imports cheaper for Mexican buyers in pesos, but the currency move alone is a modest driver for feed prices.
bloomberg.comVinicius AndradeApr 1, 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.
