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Argentina's inflation remains stuck slightly above the Central Bank's target while the economic recovery looks fragile, and social unrest including strikes and blockades continues. Economist Domingo Cavallo says the government faces a dilemma as peso appreciation lowers inflation but discourages exports and hurts import-competing manufacturers.
A strong peso makes Argentine exports such as soybeans and meal less competitive, which can weigh on export demand and farm selling pressure; any policy shift to allow depreciation would tend to support Argentine export prices.
gsp-production.globalsourcedirect.comDomingo CavalloApr 7, 2017Not enough comparable past events yet for a historical read.
After 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.
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.
