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Argentina's central bank is ending its uniform devaluation policy and allowing greater currency volatility. It also raised repo rates in an effort to stem a fall in reserves.
A faster peso devaluation can encourage Argentine farmers to sell crops held in storage, but it also raises the cost of imported inputs, so the net effect on soymeal and soyoil export supply is uncertain.
bloomberg.comIgnacio Olivera Doll, Scott Squires, Patrick GillespieOct 1, 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.
