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The Mexican peso fell about 1.5% against the dollar on Tuesday, closing near 18.84 per dollar. Investors were cautious ahead of US midterm elections and tensions in the Middle East.
A weaker peso raises the local-currency cost of imported feed ingredients for Mexican buyers. The move is driven by currency sentiment rather than a change in grain supply or demand.
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.