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Argentina's currency controls, including taxes on dollar purchases and forced restructuring of dollar-denominated corporate debt, have failed to lift international reserves. The gap between the official and black-market exchange rates has widened to its largest since 1989.
Some analysts warn a large devaluation may be coming despite the president's public opposition.
A widening peso gap and possible devaluation affect Argentine farmers' willingness to sell soy and corn and the cost of its exports, which can shift export availability for soymeal and soyoil.
bloomberg.comJorgelina Do Rosario, Ignacio Olivera DollOct 23, 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.
