# Argentina, IMF reach deal to boost financing to $57 billion | AP News

> Argentina and the IMF agreed to raise financing to $57 billion from $50 billion previously. The article notes a severe drought has damaged crop yields in the world's third-largest soybean and corn exporter.

- Date: 2018-09-26 · published 2018-09-26T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/63332-argentina-imf-reach-deal-to-boost-financing-to-57-billion-ap-news
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Drought-reduced Argentine output tightens export availability for soymeal and corn, supporting prices, while the financing deal limits forced selling by the government.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-02-26 | [Soybeans bounce as Argentina suspends export registrations \| Financial Post](https://feedsoft.ai/events/54444-soybeans-bounce-as-argentina-suspends-export-registrations-financial-post.md) | +6.0% | +15.9% |
| SBM | 2023-08-28 | [Argentina announces fourth soy dollar scheme to boost sales](https://feedsoft.ai/events/13957-argentina-announces-fourth-soy-dollar-scheme-to-boost-sales.md) | -1.5% | -7.0% |
| SBM | 2018-09-02 | [Argentina IMF deal could mean reversal of Macri's grain tax cuts](https://feedsoft.ai/events/62868-argentina-imf-deal-could-mean-reversal-of-macri-s-grain-tax-cuts.md) | +4.0% | +2.2% |
| SBM | 2022-06-27 | [Food export bans, from India to Argentina, risk fueling inflation](https://feedsoft.ai/events/14025-food-export-bans-from-india-to-argentina-risk-fueling-inflation.md) | +5.4% | -0.6% |
| SBM | 2025-04-14 | [Argentina farmers focus on harvest over sales despite currency boost](https://feedsoft.ai/events/13864-argentina-farmers-focus-on-harvest-over-sales-despite-currency-boost.md) | -1.3% | -2.7% |
| CORN | 2021-01-07 | [Return to food protectionism is riling farmers in Argentina \| Air Freight News](https://feedsoft.ai/events/49005-return-to-food-protectionism-is-riling-farmers-in-argentina-air-freight-news.md) | +5.6% | +13.4% |
| CORN | 2018-09-02 | [Argentina IMF deal could mean reversal of Macri's grain tax cuts](https://feedsoft.ai/events/62868-argentina-imf-deal-could-mean-reversal-of-macri-s-grain-tax-cuts.md) | +0.9% | +1.1% |
| CORN | 2023-11-21 | [Argentine election may boost farmer spending, grain prices -biotech firm Bioceres \| Reuters](https://feedsoft.ai/events/13949-argentine-election-may-boost-farmer-spending-grain-prices-biotech-firm-bioceres.md) | -3.2% | -0.5% |

## Sources

- apnews.com: https://apnews.com/general-news-e3e7b7f96e734a4da8b7e76c1d79588f

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.