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A November 6 broadcast reported that the dollar remained above 18 pesos after Banxico’s divided decision to lower its interbank rate to 6.25%. It also discussed US employment data and quoted Brent crude at $98.87 per barrel.
The rate cut can reduce the peso’s yield support, while currency movements affect the local cost of imported feed inputs. The report gives no clear new supply or demand catalyst for agricultural commodities.
Not enough comparable past events yet for a historical read.
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.