Loading…
The Mexican peso has strengthened to about 17 per US dollar from 19.50 in December, supported by capital inflows drawn to high Mexican interest rates. Analyst Guillermo Mateos warns that a prolonged appreciation could make Mexican exports more expensive and slow them, and exports fell 2.9% year-on-year in April.
A stronger peso raises the cost of Mexican exports, which can weigh on demand for imported feed ingredients and make Mexican buyers' purchases less competitive. The effect on grain and feed prices is indirect and modest.
reuters.comNoe TorresJun 22, 2023Not 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.
