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Argentina's central bank (BCRA) is running out of foreign exchange reserves needed to support the peso and may soon devalue the currency. Analysts say avoiding a disorderly adjustment would likely require a monetary policy overhaul, probably tied to a new IMF agreement.
A likely devaluation would push up the peso cost of dollar terms and could encourage farmers to hold or sell crops differently. Currency-driven shifts in Argentine export pricing can move soymeal and soyoil offers in global markets.
capitaleconomics.comNikhil SanghaniNov 19, 2020Not 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.
