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Mexican industrial output rose 17.9% in June from May as manufacturing and construction rebounded from the coronavirus lockdown. The peso gained 0.3%, and other Latin American currencies strengthened as the dollar held steady, while Mexico's COVID-19 death toll passed 53,000.
A recovering Mexican economy supports feed demand and a firmer peso lowers the local cost of imported feed ingredients. The data point is a currency and macro story with limited direct grain price impact.
brecorder.comReutersAug 11, 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.
