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Argentina's Economy Ministry released a summary of the draft 2025 budget, which forecasts 5% GDP growth and a primary fiscal surplus of 1.3% of GDP. The draft also projects inflation of 18.3% and an exchange rate of 1,207 pesos per dollar by year-end.
The projected peso depreciation and inflation path bear on Argentina's feed and oilseed export competitiveness, which can shift soymeal and soyoil export flows and prices.
reuters.comSep 16, 2024Not enough comparable past events yet for a historical read.
After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.
