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The Mexican peso has recovered to levels seen before Donald Trump's election, trading as low as 18.24 per dollar on June 6. The rally followed a June 5 election result and a June 6 agreement that resolved a US-Mexico sugar trade dispute.
A stronger peso and reduced trade tension lower Mexican import costs for dollar-priced feed and lower the risk of tariffs on US farm exports. The price effect is mainly through currency and trade sentiment.
qz.comAna CampoyJun 7, 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.
