Argentina: “Blue” dollar reaches AR$ 397

After 44 past bullish macro events, Soybean Meal moved a median -0.6% over 5 sessions (34% higher; middle half -1.9% to +0.9%), and -2.9% over 20.

• Mar 22, 2023Argentina drought saps dollar reserves, pressuring FX crawling peg-1.1%
• Nov 1, 2019Argentina imposes more money exchange restrictions to defend reserves — MercoPress+0.4%
• Sep 21, 2026Particle: Argentina’s Official Dollar Steady as Parallel Rates Rise to Records+2.1%
• Aug 28, 2022Argentines flocked to buy dollars to protect savings from crisis | Buenos Aires Times-5.9%
• May 16, 2018‘Start selling so dollars come in,’ Argentine soybean farmers are told-1.3%

After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.

• Mar 22, 2023Argentina drought saps dollar reserves, pressuring FX crawling peg+1.7%
• Nov 1, 2019Argentina imposes more money exchange restrictions to defend reserves — MercoPress+0.4%
• Mar 21, 2023Dollar, Sterling Fall Ahead Of Fed, BoE Meetings Amid Banking Stress+1.5%
• Mar 31, 2023Argentina's dollars drain fastest since 2019 as IMF decision looms | Kitco News-1.2%
• Apr 20, 2023Argentine peso hits record low in black market as economy creaks-1.0%