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Mexico's peso recovered on November 4, 2020, after falling up to 4% overnight as early returns suggested a Trump win. The recovery followed gains for Joe Biden in swing states, leaving the election too close to call.
Peso swings change the dollar cost of Mexican feed purchases, so sharp moves can alter import timing for U.S. corn and meal. The peso's recovery reduces near-term pressure on that demand.
financialpost.comReutersNov 4, 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.
