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A Reuters poll of 22 FX experts, conducted June 27 to July 2, expects the Mexican peso to weaken about 5.5% over 12 months to 19.80 per dollar from 18.72. The forecast follows a peso rally to its strongest level in almost a year, supported by relatively benign US tariff rules for Mexican exports and a weaker dollar.
The expected reversal is tied to the expiry of a temporary US freeze on tariff hikes against other countries.
A weakening peso would raise the dollar cost of imported feed for Mexican livestock and feed mills, a small negative for US grain and meal demand. Its effect on benchmark prices is limited.
reuters.comGabriel BurinJul 2, 2025Not 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.
