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FX Measure Sparks Increased Soy Trade

ARGENTINA
  • Argentina has traded a total of 2.1m tons of Soy in just two days following new FX measures put in place by economy minister Sergio Massa.
  • Farmers made new sales to exporters and crushers for ~1.3m metric tons of soybeans on Monday and Tuesday, and completed transactions on old delayed-price contracts for another ~800,000 tons, according to the Rosario Board of Trade. (BBG)
  • A reminder of the details on the new measures: https://marketnews.com/economy-minister-announces-...

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