Loading…
Argentina's central bank reserves came under renewed pressure as grain exports slowed after a September soybean sales surge. The bank lost about $150 million on one day and had given up roughly one-fifth of the dollars gained from the soy push.
Drought and frost were hitting wheat and corn.
Reserve losses and tighter dollar supply increase pressure on the peso, which can slow exchange-rate-driven farmer selling and shift export timing. A weaker peso tends to support Argentine export competitiveness over time.
finance.yahoo.comJorge OtaolaNov 8, 2022Not 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.
