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Argentine agribusiness closed 2019 with positive results, as the central zone avoided the drought that hit the 2017/18 crop. The 2018/19 grain harvest totalled 142 Mt, up 46% year on year, and soybean exports in the last eleven months of 2019 rose 5.8% in value while prices fell 6.7%.
Argentine soybean exports benefited from the US-China trade war.
Strong Argentine supply and exports during the US-China dispute have competed with US soybean sales, which weighs on world soy prices. The price decline also signals softer export values.
datamarnews.comSylvia SchandertJan 6, 2020After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
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.
