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Economy Minister Luis Caputo told the Argentine Industrial Union conference that the government will not devalue to improve competitiveness and will instead cut taxes, regulations and financial costs. He cited a historic decline in Argentine manufacturing.
A firm no-devaluation stance keeps the peso's real value stable, which affects Argentine import costs for feed ingredients but does not move global commodity prices.
Not 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.