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The USD/MXN peaked at 19.26 during the US session but failed to hold above 19.20 and pulled back. Banxico cut its 2019 growth forecast to 1.1%-2.1% from 1.7%-2.7% and its 2020 forecast to 1.7%-2.7% from 2%-3%, with risks tilted to the downside.
A weaker Mexican growth outlook and a range-bound peso have little direct effect on feed grain supply or demand. Mexican feed buyers may see only modest changes in dollar-denominated import costs.
octaafrica.netFeb 27, 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.
