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The Mexican peso has been the strongest performing currency in the world so far in 2018, up more than 8.1% against the dollar. Analysts attribute the gain to expectations for a NAFTA resolution and reduced fears about Trump's policies toward Mexico.
A stronger peso makes dollar-priced US feed grains more expensive for Mexican buyers, a modest headwind for US corn and soymeal export demand.
finance.yahoo.comDion RabouinMar 30, 2018Not enough comparable past events yet for a historical read.
After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.
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.
