# Three Signs Show That Argentina Is Heading to a Devaluation - Bloomberg

> Bloomberg outlines three warning signs that Argentina is heading toward a currency devaluation: the need to expand the monetary base to meet peso debt payments and fund spending, a drop in agricultural exports, and rising energy imports.

- Date: 2022-06-29 · published 2022-06-29T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/41226-three-signs-show-that-argentina-is-heading-to-a-devaluation-bloomberg
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Lower farm export dollar inflows weaken Argentina's reserves and can push the peso down, which affects the price competitiveness of Argentine soymeal, corn and wheat in world markets.

## Read by commodity

- SBM: bullish ▲
- CORN: neutral
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-08-01 | [Argentine Peso Posts Worst Month Since Milei’s 2023 Devaluation](https://feedsoft.ai/events/24044-argentine-peso-posts-worst-month-since-milei-s-2023-devaluation.md) | +3.3% | +8.6% |
| SBM | 2018-05-21 | [What multinationals should monitor in the aftermath of Argentina’s peso crash](https://feedsoft.ai/events/65313-what-multinationals-should-monitor-in-the-aftermath-of-argentina-s-peso-crash.md) | +1.1% | -10.8% |
| SBM | 2019-08-12 | [Argentina farmers digest primary election shock, wait to export despite weaker peso](https://feedsoft.ai/events/57427-argentina-farmers-digest-primary-election-shock-wait-to-export-despite-weaker.md) | -0.6% | -2.8% |
| SBM | 2019-11-01 | [Argentina imposes more money exchange restrictions to defend reserves — MercoPress](https://feedsoft.ai/events/56336-argentina-imposes-more-money-exchange-restrictions-to-defend-reserves-mercopress.md) | +0.4% | -4.4% |
| SBM | 2023-03-31 | [Argentina's dollars drain fastest since 2019 as IMF decision looms \| Kitco News](https://feedsoft.ai/events/37154-argentina-and-apos-s-dollars-drain-fastest-since-2019-as-imf-decision-looms.md) | -0.7% | -3.8% |
| CORN | 2019-03-19 | [Argentina Is Anxious for Soy Dollars. Farmers Won’t Play Ball - Bloomberg](https://feedsoft.ai/events/59942-argentina-is-anxious-for-soy-dollars-farmers-won-t-play-ball-bloomberg.md) | -0.3% | -3.4% |
| CORN | 2017-02-28 | [Trump Was Going to Kill Mexico’s Peso. It’s Doing Just Fine - Bloomberg](https://feedsoft.ai/events/72712-trump-was-going-to-kill-mexico-s-peso-it-s-doing-just-fine-bloomberg.md) | +0.9% | -1.1% |
| CORN | 2023-07-25 | [Argentine IMF concessions risk further fueling red hot inflation](https://feedsoft.ai/events/35332-argentine-imf-concessions-risk-further-fueling-red-hot-inflation.md) | -13.4% | -17.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-06-29/three-signs-show-that-argentina-is-heading-to-a-devaluation

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