# Mexico economy to keep growing steadily after June presidential vote

> Mexico's economy is expected to keep growing steadily after the June presidential election, supported by strong US macro conditions. Continued US demand should boost Mexican exports and remittances, which reached a record $63.3 billion last year.

- Date: 2024-04-22 · published 2024-04-22T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/30949-mexico-economy-to-keep-growing-steadily-after-june-presidential-vote
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Steady Mexican growth supports livestock and poultry feed demand in Mexico, a key importer of US corn and soymeal. The outlook is supportive for feed consumption but is a long-range macro view rather than a near-term price driver.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-11-20 | [Political angst affecting the exchange rate, says Bank of Mexico - Central Banking](https://feedsoft.ai/events/62256-political-angst-affecting-the-exchange-rate-says-bank-of-mexico-central-banking.md) | -1.1% | +7.6% |
| CORN | 2022-06-30 | [Inflationary pressure poses big challenge to economy](https://feedsoft.ai/events/41260-inflationary-pressure-poses-big-challenge-to-economy.md) | +1.0% | -16.7% |
| CORN | 2026-09-01 | [Interest rate outlook directing grain price potential](https://feedsoft.ai/events/17813-interest-rate-outlook-directing-grain-price-potential.md) | +0.2% | +4.5% |
| CORN | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.2% | -0.3% |
| CORN | 2024-07-12 | [Global demand exceeds crop supply, says economist \| The Western Producer](https://feedsoft.ai/events/29600-global-demand-exceeds-crop-supply-says-economist-the-western-producer.md) | -2.4% | -2.7% |
| SBM | 2022-06-30 | [Inflationary pressure poses big challenge to economy](https://feedsoft.ai/events/41260-inflationary-pressure-poses-big-challenge-to-economy.md) | -0.8% | +4.4% |
| SBM | 2026-09-21 | [Particle: Argentina’s Official Dollar Steady as Parallel Rates Rise to Records](https://feedsoft.ai/events/17752-particle-argentina-s-official-dollar-steady-as-parallel-rates-rise-to-records.md) | +2.1% | +2.7% |
| SBM | 2023-04-20 | [Argentine peso hits record low in black market as economy creaks](https://feedsoft.ai/events/36672-argentine-peso-hits-record-low-in-black-market-as-economy-creaks.md) | -5.0% | -6.4% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/mexico-economy-keep-growing-steadily-after-june-presidential-vote-2024-04-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.