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The Mexican peso rose more than 1% on Wednesday and outperformed Latin American peers, which were pressured by a stronger dollar. Brazil's real traded flat to lower amid fiscal worries as national debt hit a record.
Traders also weighed a contentious US presidential debate.
Currency swings in Mexico and Brazil change the local-currency cost of imported feed inputs and affect import parity for grains and meals. The moves are small and mostly reflect general risk sentiment rather than a feed-specific shock.
brecorder.comReutersSep 30, 2020Not enough comparable past events yet for a historical read.
After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.
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.
