THE BIG PICTURE
SHUTTERSTOCK
gained market share when the USA switched focus to its closest neighbor. The overproduction – if it occurs – may turn out to be an opportunity on both sides of the border: diversifying destinations for the U.S. and normalizing high prices for Mexico - a bonus considering recent pressure on the peso. Markets will keep moving and see some interesting evolution, even if the gamble on a poor Mexican crop looks unlikely to come off for the moment. But, that said, who can predict the weather?
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