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The Mexican peso posted its largest quarterly gain since 1977, rising 10.8% against the dollar in the first quarter. The recovery followed a steep sell-off after Trump's election, aided by more conciliatory White House comments on trade.
A stronger peso lowers the peso cost of imported US corn and soymeal, supporting Mexican demand, while reduced trade-war fears ease pressure on US export flows.
ft.comMar 31, 2017Not enough comparable past events yet for a historical read.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% 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.
