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Most Latin American currencies fell after Donald Trump won the US presidency on November 9, with the Mexican peso hit hardest, down about 14 percent against the dollar. Fears centred on possible renegotiation of NAFTA and limits on Mexican imports, while analysts expect Fed policy changes to tighten conditions.
Currency weakness in Mexico and across Latin America raises the cost of imported feed ingredients, and possible NAFTA changes could alter US-Mexico feed and grain trade flows.
gtreview.comMelodie MichelNov 18, 2016Not enough comparable past events yet for a historical read.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 15 past bullish policy events, US Dollar (Broad) moved a median +0.2% over 5 sessions (53% higher; middle half -0.4% to +0.4%), and +1.0% 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.
