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Reuters reports Argentina has tightened access to the dollar and added levies on overseas travel and luxuries. The government created a temporary 'soy' dollar in September to boost soy exports by giving producers more pesos per dollar.
Currency controls and the soy dollar's expiry change farmer selling incentives, affecting Argentine soybean and meal export flows and prices.
reuters.comLucila SigalOct 19, 2022After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.
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.
