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Argentina's government authorized the central bank to restrict currency purchases, with a decree requiring major exporters to obtain central bank permission to access the FX market. The central bank had burned through nearly $1 billion in reserves since Wednesday.
Export-side FX controls can slow farmer and processor sales of soy products and meal, tightening Argentine export flows and potentially supporting world meal prices.
english.alarabiya.netAug 31, 2019After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
Not 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.
