# In Macri’s Sputtering Argentina, Best Bet Is Being a Farmer - Bloomberg

> 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.

- Date: 2017-03-16 · published 2017-03-16T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/71853-in-macri-s-sputtering-argentina-best-bet-is-being-a-farmer-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-03-19 | [Argentina Is Anxious for Soy Dollars. Farmers Won’t Play Ball - Bloomberg](https://feedsoft.ai/events/59942-argentina-is-anxious-for-soy-dollars-farmers-won-t-play-ball-bloomberg.md) | +0.1% | -0.8% |
| SOY | 2024-04-16 | [USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts - Bloomberg](https://feedsoft.ai/events/12554-usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts-bloomberg.md) | +0.2% | +4.1% |
| SOY | 2018-05-16 | [‘Start selling so dollars come in,’ Argentine soybean farmers are told](https://feedsoft.ai/events/64865-start-selling-so-dollars-come-in-argentine-soybean-farmers-are-told.md) | +1.2% | -8.1% |
| SOY | 2022-08-02 | [Argentina’s Cash Needed to Avert Devaluation is Drying Up](https://feedsoft.ai/events/40324-argentina-s-cash-needed-to-avert-devaluation-is-drying-up.md) | +1.6% | -3.7% |
| SOY | 2024-11-07 | [CNY/USD: China Sets Yuan Fix at Weakest Since 2023 - Bloomberg](https://feedsoft.ai/events/6857-cny-usd-china-sets-yuan-fix-at-weakest-since-2023-bloomberg.md) | +1.0% | -0.1% |
| SBM | 2018-06-14 | [Argentina Got a $50 Billion Loan and Peso Is in Free Fall Anyway - Bloomberg](https://feedsoft.ai/events/64804-argentina-got-a-50-billion-loan-and-peso-is-in-free-fall-anyway-bloomberg.md) | -4.2% | -4.1% |
| SBM | 2022-06-29 | [Three Signs Show That Argentina Is Heading to a Devaluation - Bloomberg](https://feedsoft.ai/events/41226-three-signs-show-that-argentina-is-heading-to-a-devaluation-bloomberg.md) | -1.1% | +3.0% |
| SBM | 2019-07-26 | [Volatility Is Back in Argentina as Election Jitters Take Toll - Bloomberg](https://feedsoft.ai/events/58358-volatility-is-back-in-argentina-as-election-jitters-take-toll-bloomberg.md) | -3.5% | -3.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-03-16/in-macri-s-sputtering-argentina-the-best-bet-is-being-a-farmer

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.