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The Mexican peso has rallied about 10 percent since the day before Donald Trump took office, roughly twice the gain of other major currencies. The article contrasts this recovery with the peso's sharp crash after Trump's election on anti-trade campaign rhetoric.
A stronger peso lowers the peso cost of US corn and soymeal imports to Mexico, the largest buyer of US corn, which can ease pressure on US feed export demand and Gulf basis.
bloomberg.comEric Martin, Isabella CotaFeb 28, 2017Not enough comparable past events yet for a historical read.
After 78 past neutral macro events, Corn moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% 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.
