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Mexico's economy grew an annualized 58.0% in the third quarter of 2020 after a 52.4% drop in the second quarter. The consensus 2020 GDP forecast was revised up to -9.0%.
Exports, industrial output, employment and retail sales all improved in the latest data.
A stronger recovery supports Mexican demand for animal feed and imported grains over time. The immediate price effect is small because this is a backward-looking macro reading.
dallasfed.orgJesus Cañas, Chloe SmithDec 21, 2020Not 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.
