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The peso strengthened toward 18.86 per USD, near ten-month highs, after Banxico's 50 basis point cut to 8%. Falling US Treasury yields and a softer dollar offset the narrowing of Mexico's rate advantage.
Inflation was 4.5% year on year and Mexico's external balance was in surplus.
A firmer peso makes US feed grains and meals cheaper in pesos for Mexican buyers, supporting import demand. The move is driven by currency flows rather than by any change in grain supply.
tradingview.comJun 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.
