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The Mexican peso ended the week up about 0.3 percent at 20.64 per dollar after a record low following Trump's election victory. Analysts at Banorte warned that concerns over changes to US-Mexico trade would keep weighing on the currency, projecting 21.50 by year-end.
Peso weakness lowers the cost of Mexican imports of US feed grains and meal in dollar terms only if the currency stays weak, while trade-policy risk to Mexico, a major buyer of US corn, can reduce feed demand.
reuters.comDec 3, 2016Not 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.
