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Mexico's central bank has raised its benchmark rate to 7.75%, which has supported the peso. The peso traded near 20.30 per dollar, stronger than in recent weeks.
Tighter Mexican credit conditions and a stronger peso can reduce the affordability of imported feed ingredients for Mexican producers, mildly weighing on US corn and soymeal demand.
apnews.comJul 29, 2022Not 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.
