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USD/MXN rose to 22.64, near a one-month high of 22.70 reached the previous week, and was up for six of the last seven sessions. The pair gained 4.35% over five trading days as emerging-market investors turned cautious ahead of the US presidential debate.
A weaker peso raises the peso cost of US-priced feed ingredients for Mexican buyers, supporting local feed price increases. The move is technical and has limited direct effect on grain prices.
octabroker.comSep 28, 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.
