Loading…
Brown Brothers Harriman's outlook for Argentina says the peso has underperformed since 2015 and is expected to face renewed pressure from high inflation and a stronger US dollar. It also notes strong performance in Argentine equities and local bonds this year.
Continued peso weakness can lower Argentine farm export costs in dollars, which tends to support sales of soy products and weigh on global soymeal prices.
octaafrica.netFeb 7, 2017Not enough comparable past events yet for a historical read.
After 117 past bearish macro events, Soybean Meal moved a median -0.6% over 5 sessions (41% higher; middle half -2.5% to +1.7%), and +0.5% 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.
