# Analysis-As economy wilts, Argentina's Massa seeks to sow hope with farm chiefs | Euronews

> 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.

- Date: 2022-08-17 · published 2022-08-17T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14016-analysis-as-economy-wilts-argentina-s-massa-seeks-to-sow-hope-with-farm-chiefs
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-02-06 | [Soy chairman speaks to Senate ag committee on farm economy](https://feedsoft.ai/events/15147-soy-chairman-speaks-to-senate-ag-committee-on-farm-economy.md) | -2.8% | -4.1% |
| SOY | 2024-03-25 | [Argentina FX change, return of tax to spur exports \| Latest Market News](https://feedsoft.ai/events/13931-argentina-fx-change-return-of-tax-to-spur-exports-latest-market-news.md) | -0.6% | -2.6% |
| SOY | 2021-09-24 | [Argentina could grow 70m mt of soybeans with tax cut: ACSOJA - Fastmarkets](https://feedsoft.ai/events/44927-argentina-could-grow-70m-mt-of-soybeans-with-tax-cut-acsoja-fastmarkets.md) | -2.2% | -4.7% |
| SOY | 2022-09-22 | [Argentina soy sell-off continues, but sales expected to slow - DatamarNews](https://feedsoft.ai/events/14010-argentina-soy-sell-off-continues-but-sales-expected-to-slow-datamarnews.md) | -3.6% | -6.1% |
| SOY | 2020-10-02 | [Argentina lowers export taxes on soy for three months, hoping farmers will sell their crops — MercoPress](https://feedsoft.ai/events/50483-argentina-lowers-export-taxes-on-soy-for-three-months-hoping-farmers-will-sell.md) | +2.6% | +2.8% |
| CORN | 2023-12-14 | [Why Argentina's shock measures may be the best hope for its ailing economy \| AP News](https://feedsoft.ai/events/32999-why-argentina-s-shock-measures-may-be-the-best-hope-for-its-ailing-economy-ap.md) | +1.5% | +1.2% |
| CORN | 2024-03-25 | [Argentina FX change, return of tax to spur exports \| Latest Market News](https://feedsoft.ai/events/13931-argentina-fx-change-return-of-tax-to-spur-exports-latest-market-news.md) | -4.9% | -6.9% |
| CORN | 2024-09-10 | [Will Congress negotiate a new farm bill this fall? Farmers hope so - Marketplace](https://feedsoft.ai/events/28294-will-congress-negotiate-a-new-farm-bill-this-fall-farmers-hope-so-marketplace.md) | +4.0% | +5.3% |

## Sources

- euronews.com: https://www.euronews.com/2022/08/17/argentina-economy-grains-analysis

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