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Polls ahead of Mexico's July 1 election showed Andres Manuel Lopez Obrador with a solid lead. The central bank raised its benchmark rate 25 basis points to 7.75%, and the peso rallied after the decision.
The central bank rate hike and the expected election outcome shape peso direction, which affects Mexican feed import costs. A stable peso supports steady US feed grain and meal demand from Mexico.
bnamericas.comJun 23, 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.
