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Economic consultants say the IMF staff agreement will let the Central Bank regain currency intervention capacity from a planned $7.5 billion disbursement in August. Analysts doubt Argentina can meet its lowered reserve target.
Central bank intervention capacity affects peso stability and therefore Argentine export pricing for soymeal and corn, which influences world feed meal competitiveness.
buenosairesherald.comFlorencia BarraganJul 31, 2023Not 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.
