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Argentine farmers are bartering soybeans for diesel from state oil company YPF, as inflation near 24% makes commodities more attractive than pesos. YPF generates about $1.4 billion a year in agriculture revenue and has become a major grain trader under President Macri's reforms.
Barter deals and YPF's expansion into grain trading add to Argentine soybean and oilseed marketing flows, but the story describes structural changes rather than a new price-moving event.
sg.finance.yahoo.comJonathan GilbertJul 7, 2017Not enough comparable past events yet for a historical read.
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.
