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Banxico will announce its monetary policy decision on Thursday, November 5, with the policy rate at 6.50%. A Citi survey found that most analysts expect no change in the short term, though six expect a cut.
Minutes from the last meeting showed three of five board members open to cutting rates.
A rate cut would weaken the peso and raise the cost of dollar-linked feed imports for Mexico. A hold keeps financing costs steady for feed producers and has little direct effect on grain prices.
bloomberglinea.comZenyazen FloresNov 4, 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.
