# Argentina's reserves under pressure again after soy export bonanza ends

> 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.

- Date: 2022-11-08 · published 2022-11-08T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13997-argentina-s-reserves-under-pressure-again-after-soy-export-bonanza-ends
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bullish ▲

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/argentinas-reserves-under-pressure-again-222800480.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.