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The Mexican peso fell further on Thursday, leaving currency analysts uneasy about its near-term direction. Trump's administration floated a tax on Mexican imports to fund a border wall and signed an order to start construction.
Heightened risk of US tariffs on Mexican goods threatens the trade flows that sustain US grain and feed exports to Mexico, and a weaker peso raises Mexican buyers' costs for dollar-priced feed.
cnbc.comSilvia AmaroJan 27, 2017Not enough comparable past events yet for a historical read.
After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), 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.
