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Deloitte's May 2024 outlook says Mexico's economy has grown at about 1.7% a year since 2000, well below its earlier historical average. It expects only modest growth ahead, with political uncertainty from the June election weighing on the outlook.
The piece also covers nearshoring and public finances.
Slow domestic growth limits demand growth for animal protein and feed in Mexico, though nearshoring could support some industrial and food demand. The report contains no new price catalyst.
Not 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.