Loading…
Argentina's former president Cristina Fernandez is to face trial over an alleged scheme that kept the peso artificially inflated. The state reportedly lost about $4.9 billion at the current exchange rate through the scheme, which allowed buyers to profit.
The case is a domestic political and legal matter with limited direct effect on feed commodity prices. It may affect peso sentiment and investor confidence in Argentina, which only indirectly influences soymeal and corn export pricing.
apnews.comMar 23, 2017Not 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.
