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The Mexican peso strengthened against the dollar after senior Trump administration officials stressed positive relations with Mexico. Treasury Secretary Mnuchin and Secretary of State Tillerson both signalled cooperation, and the peso traded at its strongest since the November 9 election.
Easing trade tension with Mexico reduces the risk of disruption to US corn exports, its largest market, supporting feed grain demand expectations.
foxbusiness.comJoseph AdinolfiFeb 23, 2017Not enough comparable past events yet for a historical read.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% 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.
