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Argentina's third soy dollar program, which set a preferential exchange rate of 300 pesos per dollar for soybean and byproduct sales, is ending. Revenues were close to government targets, with about 6 million tonnes of export licenses worth $5 billion, mostly soymeal, though the 7-10 million tonne goal was not met.
Industry sources said the program was not a success.
The incentive pushed meal sales into export channels and added supply to world meal markets, which weighs on soymeal prices. The program's end may reduce that pressure.
fastmarkets.comMarcela Caetano2023/06/05過去の弱気な政策イベント223件の後、大豆粕 は5営業日で中央値 -0.3% 動き（45% が上昇。中央50%は -2.2% から +1.2%）、20営業日では -0.6% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
