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Revised data showed Mexico's economy contracted about 0.1% in each of three straight quarters before flatlining in the third quarter of 2019. Economists describe a technical recession that is unusual because the US economy is still growing, the kind of weakness last seen during the 1990s Tequila Crisis.
Weak Mexican demand and a softer peso reduce Mexico's appetite for imported feed grains and meal, a mildly bearish factor for US feed ingredient exports.
cnbc.comFred ImbertNov 26, 2019Not 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.
