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Argentina's strong soybean and grain harvest is expected to bring record prices because of the global grain shortage caused by the war in Ukraine. Agro-industrial exports could reach $41 billion this year, according to experts, though the soybean crop is smaller than last year.
A smaller Argentine soybean crop combined with elevated world prices supports soybean and meal values, while the export inflow strengthens the country's currency.
batimes.com.arJames GraingerMay 6, 2022After 72 past bullish geopolitics events, Soybeans moved a median +0.4% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and -1.0% over 20.
After 34 past bullish geopolitics events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +3.5%), and +1.2% 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.
