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Banxico's May meeting minutes confirmed a 50 basis point rate cut to 8.50%. All members cited high uncertainty from trade policy and expected Mexican economic activity to stay weak.
The release had minimal immediate effect on USD/MXN, which traded near 19.35.
Lower Mexican rates and weak domestic activity point to softer demand for feed and livestock output over time. The market impact on grain and oilseed prices is small.
fxstreet.comChristian Borjon ValenciaMay 29, 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.
