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Mexican Agricultural Imports
How a Texas importer optimized 25 million MXN in monthly payments
Industry:Agriculture
Client:Texas agricultural importer
Region:United States
25M MXN
Monthly Volume
$1–1.25M
Idle Funds
Background
A Texas agricultural importer supplies fresh cilantro and onions to US restaurants, sourcing weekly from Mexican farms. The company manages 25 million MXN in monthly payments, handling payroll and invoices in pesos while hedging currency risks.
Products Used
Overnight OrdersMXN Forwards with WindowUSD/MXN Options
Challenge
- Weekly MXN spot transactions exposed the business to currency fluctuations straining profit margins
- $1–$1.25 million USD sitting idle in a non-interest-bearing account
- Difficulty securing favorable exchange rates through existing banking channels
- Payment delays risking product quality and delivery timelines
Strategy
- Overnight Orders to set strike prices for Take Profit or Stop Loss
- MXN Forwards with Window capability allowing drawdowns from forward balances as needed
- Flexible Pay-Advance structure for cash flow management
- Fast SPEI wires for reliable, timely payments to Mexican suppliers
Outcomes
- Proactive transaction monitoring via online platform with LIVE support
- Flexible drawdowns from forward balances matching actual payment needs
- USD/MXN Options providing access to favorable exchange rates
- Eliminated payment delays improving supplier relationships
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