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Capital Economics commentary says a shift in the central bank's (BCRA) policy is putting pressure on the Argentine peso. The text provided contains little beyond the headline and firm details.
Peso weakness can lift Argentine farmers' incentive to sell soybeans and products, adding export supply and weighing on soymeal prices.
capitaleconomics.comCapital Economics EconomistJan 25, 2018Not enough comparable past events yet for a historical read.
After 117 past bearish macro events, Soybean Meal moved a median -0.6% over 5 sessions (41% higher; middle half -2.5% to +1.7%), and +0.5% 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.
