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The Mexican peso rose to its strongest level in over 13 months as traders scaled back bets on another Federal Reserve rate hike. Oil prices dipped after four weeks of gains on prospects of a ceasefire deal in Gaza.
A stronger peso lowers the dollar cost of Mexican feed imports and reflects easing risk sentiment around Mexico. The move is currency-driven and has little direct effect on grain or meal prices.
reuters.comJun 16, 2017Not 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.
