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Argentina's crop growers are thriving thanks to friendly government policies, strong harvests and cheap credit. Meanwhile, labor unions are staging strikes and wage demands, inflation remains high, and carmakers are cutting jobs.
The story describes the broader economy rather than a new grain supply or demand shift, so it has little direct effect on feed prices. Strong farm incomes may support continued crop output.
bloomberg.comJonathan Gilbert, Charlie DevereuxMar 16, 2017After 456 past macro events, Soybeans moved a median -0.0% over 5 sessions (50% higher; middle half -2.1% to +1.6%), and -0.4% over 20.
After 238 past macro events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -2.1% to +1.7%), and -0.5% over 20.
After 75 past macro events, Soybean Oil moved a median -1.0% over 5 sessions (39% higher; middle half -2.7% to +1.7%), and -1.9% 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.
