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The USD/MXN pair opened November near 18.80 pesos per dollar after a volatile October, with the peso under pressure. Attention is focused on the US midterm congressional elections on November 3 and Banxico's policy decision two days later.
Political and monetary uncertainty keeps the peso sensitive, which affects Mexican feed buyers' import costs for US grains and meal. Trade relations with the US, including the USMCA, link the election outcome to feed prices.
Not enough comparable past events yet for a historical read.
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.