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The Mexican peso posted its biggest monthly gain since 2021, rising 4.4% against the dollar in April. Mexico was spared from Trump's reciprocal tariffs, and trade tensions subsequently eased while the dollar pulled back.
A stronger peso lowers the peso cost of Mexican feed imports and can make US corn and soymeal relatively more expensive for Mexican buyers, a modest bearish pressure on US feed demand.
bloomberg.comVinicius Andrade, Kelsey ButlerApr 30, 2025Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
