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Mexico's peso traded at its strongest level of the year on Monday, gaining over 1 percent against the dollar. The move was supported by expectations of progress in U.S. trade talks before it slipped back to around 20.75 per dollar.
A firmer peso lowers the cost of dollar-priced US feed and grain imports for Mexican buyers, while trade-talk optimism reduces fears of disruption to US-Mexico agricultural flows.
reuters.comJan 30, 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.
