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The Mexican peso rose more than 2% against the dollar on Thursday to its strongest level in four weeks ahead of Sunday's presidential election. Traders have priced in a win for leftist candidate Lopez Obrador.
A stronger peso lowers the peso cost of imported US feed grains and meal, supporting Mexican buying. The move is mainly currency-driven and has limited direct effect on grain prices.
forexcrunch.comFX StreetJun 28, 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.
