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A Reuters poll of 20 strategists expects the Mexican peso to weaken about 7% to 18.24 per dollar over twelve months, from 16.96. The poll cites pressure from the coming presidential election in Mexico and US elections.
Expected peso weakness would raise the cost of US feed imports for Mexican buyers, a modest factor for US corn and soymeal demand.
reuters.comGabriel BurinMar 6, 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.
