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Reuters publishes a timeline of Argentina's 2018 economic troubles, beginning with a four-month drought that wiped out hopes for a soybean recovery in March. The drought left the season effectively lost for the country's top export.
A severe soybean crop shortfall in Argentina, a major exporter, tightens global soy and meal supplies and supports prices.
reuters.comDec 20, 2018After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), 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.
