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Argentina's central bank raised bank reserve requirements by 3 percentage points, following a similar hike on June 18 and a further 2 points due July 18. The peso gained 1.9% to 28.3 per dollar, its biggest advance since May 15, after tumbling 34% this year.
Argentina's currency crisis and monetary tightening affect local demand and export pricing for feed-relevant commodities, mainly soymeal and corn exports. A stronger peso can modestly reduce farmer selling pressure, but the main price impact is limited.
en.mercopress.comJul 3, 2018Not 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.
