Argentina’s currency controls: Tough lessons and tough decisions

After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.

• Oct 19, 2022In Argentina, controls spawn soybean and 'Netflix' currency rates | Reuters+3.0%
• Dec 15, 2025ARS/USD: Argentina to Loosen Its Currency Policy and Build Reserves - Bloomberg-0.7%
• Apr 11, 2024BCRA's actions in view of the development of the economic context and liquidity conditions | BCRA+2.5%
• Oct 30, 2023Let’s Talk About Soybeans and the Argentine Election | CZ app+0.4%
• Nov 15, 2023Argentina restarts 'crawling peg' to let currency weaken for first time since August | Reuters-2.1%

After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.

• Apr 14, 2025Argentina farmers focus on harvest over sales despite currency boost+1.1%
• Feb 3, 2025Argentina’s meal market remains slow despite export tax cut+0.6%
• Feb 21, 2022EU: Member states call for delay of EU anti-deforestation law - Business and Human Rights Centre+2.1%
• Oct 23, 2023Biofuel demand strengthens the business case for US agribusiness | articles | ING THINK+0.7%
• Sep 15, 2021Leaked EU anti-deforestation law contains loopholes, incl. omission of fragile ecosystems, and environmentally impactful products like maize & rubber, say campaigners - Business and Human Rights Centre-2.7%

Not enough comparable past events yet for a historical read.