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Argentina has approved a new 2,000 peso banknote as inflation remains one of the highest in the world, with prices rising 95% last year. The note is worth only about $5 at prevailing exchange rates amid a steady devaluation of the peso.
Persistent peso devaluation and high inflation shape farmer selling behaviour and export pricing in Argentina, a major soymeal and corn exporter, but the currency move alone does not change global feed prices.
reuters.comEliana RaszewskiFeb 2, 2023Not enough comparable past events yet for a historical read.
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.
