# USD/MXN soars to highest since March on NAFTA concerns — Octa

> The Mexican peso fell sharply as the fifth round of NAFTA negotiations began without cabinet-level officials for the first time. USD/MXN rose to 19.37, its highest level since March 15, after US Commerce Secretary Wilbur Ross said the US could pressure Mexico and Canada. The peso also weakened as the dollar strengthened against emerging-market and commodity currencies.

- Date: 2017-11-15 · published 2017-11-15T12:00:00.000Z
- Category: trade · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/68196-usd-mxn-soars-to-highest-since-march-on-nafta-concerns-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

NAFTA uncertainty raises the risk of tariffs or disruption to US farm exports to Mexico, a major buyer of US corn and soymeal. A weaker peso raises the local-currency cost of imported feed ingredients.

## Read by commodity

- CORN: neutral
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-08-27 | [U.S., Mexico reach NAFTA deal, turn up pressure on Canada](https://feedsoft.ai/events/63754-u-s-mexico-reach-nafta-deal-turn-up-pressure-on-canada.md) | +0.5% | +0.9% |
| CORN | 2018-02-22 | [Exclusive - As Trump trashes NAFTA, Mexico turns to Brazilian corn](https://feedsoft.ai/events/66461-exclusive-as-trump-trashes-nafta-mexico-turns-to-brazilian-corn.md) | +1.4% | +3.0% |
| CORN | 2016-12-26 | [Ukrainian grains export since the start of season made 21.2M tons](https://feedsoft.ai/events/73349-ukrainian-grains-export-since-the-start-of-season-made-21-2m-tons.md) | +0.4% | +4.6% |
| CORN | 2022-12-18 | [Mexico and U.S. Reach for January Agreement on GMO Corn Imports, as ERS Highlights Importance of Mexico's Corn Market - Farm Policy News](https://feedsoft.ai/events/38230-mexico-and-u-s-reach-for-january-agreement-on-gmo-corn-imports-as-ers.md) | +1.3% | +2.9% |
| CORN | 2025-09-24 | [Soybeans ease to nearly 6-week low on harvest pressure, lack of China demand - Markets - Business Recorder](https://feedsoft.ai/events/22900-soybeans-ease-to-nearly-6-week-low-on-harvest-pressure-lack-of-china-demand.md) | -2.9% | -2.6% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/511612/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.