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The Mexican peso posted its best week in more than six years, gaining 3.92% against the dollar to close near 19.09 per dollar. The move was driven by a weaker dollar amid US-China tariff escalation and a post-election rally on investor relief over the incoming government's economic plans.
A stronger peso lowers the peso cost of US grain and meal imports for Mexican feed buyers, which supports import demand. The move is driven mainly by currency flows rather than a change in grain supply.
mexiconewsdaily.comMND StaffJul 7, 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.
