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The peso hit a four-month low against the dollar, reaching 20.14 per dollar and losing almost 4 percent from Friday's close. Mexico's economy rebounded 0.9 percent in the third quarter after contracting 0.2 percent in the second.
Mexican 10-year bond yields rose from 8.35 percent to 8.70 percent after the airport vote.
Currency weakness and higher borrowing costs in Mexico make imported feed grains and ingredients more expensive for local buyers, which can curb purchases from US suppliers. The effect on global grain prices is small.
octaafrica.netOct 30, 2018Not 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.
