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President Alberto Fernandez said Argentina is in 'virtual default' and compared the situation to the 2001 crisis. The economy is in recession and is expected to shrink 3.1% in 2019 after 18 months of crisis.
A deepening recession and debt stress weaken the peso and can reduce domestic feed demand in Argentina. The effect on global grain and meal prices is limited, since the impact flows mainly through currency and farm selling behavior.
batimes.com.arJames GraingerDec 23, 2019Not 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.
