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Mexico's peso fell to a historic low on Tuesday, closing down almost 2 percent at 21.801 per dollar. Traders avoided the currency ahead of Trump's first news conference since his election, and Mexico's central bank had intervened the previous week to slow the decline.
A record-weak peso and fears of trade rupture with Mexico, a major buyer of US corn and pork, weigh on US export demand expectations and add cost pressure for Mexican feed importers.
reuters.comJan 11, 2017Not enough comparable past events yet for a historical read.
After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% 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.
