Loading…
Argentina's government asked top crop exporters and processors to sell grain worth about US$1 billion within a week to bolster central bank reserves. Ciara-Cec, representing over 40% of exports, is discussing a mechanism to encourage sales, though compliance is uncertain.
A government push to accelerate dollar-generating grain sales could release stored soybean and corn supplies into export channels, a modest bearish pressure on soy product prices if executed.
batimes.com.arJames GraingerAug 12, 2022After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 222 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.1% to +1.2%), and -0.6% over 20.
After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
Not 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.
