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The U.S. dollar rose against the Mexican peso on May 31 after Trump announced a 5% tariff on Mexican imports starting June 10. The peso had its worst day and week since October and erased its gains for the year.
Analysts expect the matter could be resolved quickly and possibly avoid tariffs, while the peso could later recover.
Tariff threats on Mexico add risk to trade flows that carry U.S. feed and food exports, and a weaker peso raises the dollar cost of imported feed. Continued uncertainty could weigh on Mexican demand for U.S. grain.
octaafrica.netMay 31, 2019Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
