Loading…
Argentine financial markets have seen trading volumes collapse under strict currency controls imposed in 2019 and tightened before last year's debt default. Brokerages handling peso-to-dollar conversion trades, such as the blue-chip swap, reported record profits, with several firms posting income surges of 500 percent or more.
Persistent capital controls and peso weakness push Argentine savers into dollars and parallel FX channels, which can distort the local currency and affect the peso cost of Argentine crushers and exporters. For feed buyers, this mainly signals FX-driven volatility in Argentine soymeal and soyoil selling behavior rather than a direct move in grain prices.
batimes.com.arJames GraingerApr 14, 2021Not 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.
