
The Universidad Nacional de Rosario's October 2024 Monetary Policy Report reviews Argentina's monetary regime since December 2023, including the shift from LELIQs to the LeFi liquidity instrument. It also covers international reserves, which grew slightly in October, and the central bank's balance sheet.
Reserve accumulation and the stability of the monetary framework affect confidence in the peso and the cost of dollar-denominated feed imports for Argentina. The effect on grain and meal prices is indirect.
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.