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A CME Group analysis says Mexico's economy remains about 4% smaller than before the pandemic, with unemployment near 4.5% and core inflation above the central bank's overnight rate. It suggests the Bank of Mexico may consider raising rates.
Higher Mexican rates would tend to strengthen the peso and could slow domestic demand for meat and feed. The impact on agricultural commodity prices is limited.
cmegroup.comMay 13, 2021Not 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.
