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Bank of America Merrill Lynch says the recent peso rally has left implied volatility costs cheap, and recommends buying two-month USD/MXN volatility as a hedge. The bank cites French elections and tighter Federal Reserve policy as risks for emerging market currencies.
This is a currency options recommendation with no direct effect on grain supply or demand, so its relevance to feed prices is minimal.
ft.comJamie ChisholmFeb 28, 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.
