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The peso rallied sharply against the dollar, peaking at Ps19.18 on May 26, its strongest level since October. Hedge funds have been buying the currency since mid-April as investors pull back from US assets.
Analysts attribute the move more to dollar weakness than to Mexican strength.
A strong peso makes US imports cheaper for Mexican feed buyers, which can support US export demand for corn and soymeal. The effect is modest because the move is driven mainly by dollar weakness.
ifre.comNatasha Rega-JonesMay 30, 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.
