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USD/MXN dropped below 17.90 and touched 17.81, the lowest level since May 2016, as emerging-market currencies gained. Support came from improved risk appetite, a mild rebound in crude oil and a recent Banxico rate hike.
A stronger peso lowers the cost of dollar-priced feed imports for Mexico. The move reflects currency and risk sentiment rather than a change in grain or meal supply.
octaafrica.netJun 26, 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.
