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The official wholesale dollar rate in Argentina hit an all-time high of AR$1,380 per U.S. dollar, jumping 55 pesos in a single day. The move followed a peso debt auction in which the government refinanced only 76% of maturities despite offering high interest rates, and the central bank's decision not to buy reserves.
A weaker peso can slow Argentine farm selling in the near term, but a sharp currency move also changes export competitiveness, which feeds into soymeal and oil export pricing.
buenosairesherald.comFacundo IglesiaJul 31, 2025Not enough comparable past events yet for a historical read.
After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% 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.
