
Mexico’s annual inflation increased to 3.75% in October, up from 3.45% in September, while the peso traded around 18.63 per dollar with little change. The report also noted broad dollar weakness and declines in WTI and Brent prices amid reduced expectations of further US rate increases.
Higher inflation could limit Banxico’s scope for further rate cuts, influencing the peso and the cost of imported feed. Lower oil prices ease energy-cost pressure, but the article does not establish a direct grain-supply effect.
Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
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.