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Banxico cut its benchmark rate by 50 basis points, to near a three-year low, as widely expected. Twenty-one of 26 analysts polled by Reuters had forecast the move.
The peso firmed slightly, by just over 0.2%, after the decision.
A stronger peso lowers Mexico's cost of dollar-priced grain and meal imports, which can support buying of US corn and soymeal. The effect on feed prices is small because the cut was widely expected.
reuters.comBrendan O'BoyleJun 26, 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.
