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Argentine President Mauricio Macri has opened the economy, removed export tariffs, liberalized the exchange rate and adopted inflation targeting, earning investor support. The government is expected to forecast stronger growth and lower inflation for 2018 later in the month, while former president Cristina Fernandez de Kirchner poses a political risk.
Export tariff removal and a freer exchange rate shape Argentina's export flows of soy complex and grains, but this is broad economic commentary with no immediate price shock for feed markets.
cnbc.comDawn KissiSep 3, 2017After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% 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.
