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JPMorgan analysts warned that a Banco de México rate cut this week could trigger a disorderly sell-off in the peso, which they estimate could fall about 5% to around 19.50 per dollar. Markets price roughly a 50% chance of a 25-basis-point cut at Thursday's meeting, but most economists, including JPMorgan, expect rates to hold at 6.5%.
A sharp peso depreciation would raise the local cost of dollar-priced feed imports into Mexico, including corn, soybean meal and DDGS. The risk is a sudden repricing that would hit import-dependent feed margins.
in.marketscreener.comReutersNov 3, 2026
eleconomista.com.mxReutersNov 3, 2026
reforma.comReutersNov 3, 2026Not 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.
