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Mexico's economy contracted in 2020 by its steepest annual rate since the 1930s after pandemic losses. The economy recovered much of the ground lost in the second half of 2020, and a stronger October-December period helped lift the peso on January 29.
A recovering Mexican economy supports demand for animal protein and feed, though the weak annual contraction and peso volatility keep import costs uncertain for buyers.
reuters.comDave GrahamJan 29, 2021Not 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.
