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Argentina, which had returned to a small energy surplus last year, is projected to slip back into an energy deficit this year, potentially reaching $1 billion. The shortfall stems from local natural gas shortages that raise the need for imported energy.
Higher energy import needs pressure Argentina's FX reserves and peso, which can affect Argentine crush margins and export pricing for soy products.
reuters.comEliana RaszewskiJun 30, 2021After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.
Not 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.
