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The Mexican peso weakened more than 1.4% against the dollar to about 18.84 on election uncertainty. Mexico's manufacturing PMI fell to 49.5, signaling contraction, while strong US job openings supported the dollar.
Peso weakness makes dollar-priced feed ingredients more expensive for Mexican buyers. Weak Mexican factory activity points to softer domestic demand, which may limit how much of the cost increase can be passed on.
fxstreet.comChristian Borjon ValenciaNov 3, 2026Not 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.
