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Argentina's central bank cut its monetary policy rate to 70% annual, relaxed access to the official exchange market for imports by small firms, and deactivated its swap agreement with the BIS. The bank cited falling retail inflation and a sharp slowdown in money issuance.
Monetary tightening and currency management shape peso stability, which affects Argentine farmer selling of soybeans, corn and meal. Changes in export incentives can shift Argentine oilseed flows into world markets.
bcra.gob.arWinograd ErickApr 11, 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.
