# Argentine IMF concessions risk further fueling red hot inflation

> Argentina is trying to secure IMF funding by announcing measures that weaken the peso, including new and weaker trade-related exchange rates while the official rate is kept stable. The moves come three months before national elections.

- Date: 2023-07-25 · published 2023-07-25T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/35332-argentine-imf-concessions-risk-further-fueling-red-hot-inflation
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Peso weakness and higher inflation raise the cost of Argentine inputs and can shift export incentives for soymeal, corn and other feed exports, affecting global feed supply pricing.

## Read by commodity

- SBM: neutral
- CORN: neutral
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-07-21 | [Argentine peso has further to fall \| Capital Economics](https://feedsoft.ai/events/70226-argentine-peso-has-further-to-fall-capital-economics.md) | -2.5% | -10.4% |
| SBM | 2025-04-22 | [Argentina's surprise peso strength tempers fears of inflation comeback \| Reuters](https://feedsoft.ai/events/25426-argentina-s-surprise-peso-strength-tempers-fears-of-inflation-comeback-reuters.md) | -2.2% | -1.7% |
| SBM | 2023-04-27 | [Argentina seeks to tame inflation, peso with biggest rate hike since 2019 \| Financial Post](https://feedsoft.ai/events/36673-argentina-seeks-to-tame-inflation-peso-with-biggest-rate-hike-since-2019.md) | -0.7% | -6.2% |
| SBM | 2020-03-03 | [President Fernandez tries to slay Argentina’s inflation dragon \| Business and Economy \| Al Jazeera](https://feedsoft.ai/events/54375-president-fernandez-tries-to-slay-argentina-s-inflation-dragon-business-and.md) | -1.9% | +7.7% |
| SBM | 2022-08-02 | [Argentina’s Cash Needed to Avert Devaluation is Drying Up](https://feedsoft.ai/events/40324-argentina-s-cash-needed-to-avert-devaluation-is-drying-up.md) | +1.9% | -2.0% |
| CORN | 2018-05-14 | [Inflation forces building](https://feedsoft.ai/events/10235-inflation-forces-building.md) | +1.7% | -1.8% |
| CORN | 2022-06-29 | [Three Signs Show That Argentina Is Heading to a Devaluation - Bloomberg](https://feedsoft.ai/events/41226-three-signs-show-that-argentina-is-heading-to-a-devaluation-bloomberg.md) | +1.2% | -16.3% |
| CORN | 2026-01-27 | [Dollar sinks to four-year low as intervention risk lifts yen](https://feedsoft.ai/events/21293-dollar-sinks-to-four-year-low-as-intervention-risk-lifts-yen.md) | -0.7% | -0.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/argentine-imf-concessions-risk-further-fueling-red-hot-inflation-2023-07-25/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.