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The Mexican peso lost 1.6% on Tuesday to close near 18.86 per dollar, the weakest performer in a basket of currencies, as investors held back ahead of the US midterm elections. Attention then turned to Banco de Mexico's monetary policy decision expected Thursday.
A weaker peso raises the local-currency cost of imported feed ingredients such as corn and soymeal for Mexican buyers, even though the move reflects risk sentiment rather than a change in grain supply.
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.