
The Mexican peso weakened past 18 per US dollar on Friday after Banxico's surprise cut to 6.75%. Pressure came from a stronger dollar, inflation concerns and Middle East oil-supply risks.
A weaker peso raises the peso cost of imported feed grains and soymeal for Mexican buyers, so feed costs in pesos rise even if world prices hold.
Not enough comparable past events yet for a historical read.
After 78 past neutral macro events, Corn moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% over 20.
After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% 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.