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The Mexican peso outperformed Latin American peers on Monday as the dollar index slipped 0.3% and crude prices hit their highest in over two months. Traders were also watching whether an EU meeting would agree to ban Russian oil imports, and China's easing of COVID-19 restrictions supported global growth hopes.
A firmer peso lowers Mexico's local-currency cost of imported US feed grains and meal, which can ease buying pressure on US corn and soybean meal. Higher crude prices feed into diesel and freight costs for feed deliveries.
financialpost.comReutersMay 30, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
