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Newly appointed Economy Minister Sergio Massa, whose remit also covers agriculture and trade, has met farm association leaders to secure dollar inflows from grain exports. The government needs about $4.1 billion in reserves by September to unlock an IMF payment of roughly $2 billion.
Government pressure to export grain for hard currency could speed up Argentine soybean and corn shipments, but farm holdouts and uncertainty over policy keep supply timing unclear.
euronews.comAug 17, 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 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.
