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Argentinas Peso In Trouble Again? Can the large Soybean surplus turn to a more concerning situation?

2014-05-23 17:36:00| Corn & Soybean Digest

Argentina’s peso has remained mostly stable since the end of March, but in the past few days, the country’s central bank (BRCA) has allowed it to start weakening again. This follows a steady reduction in interest rates that’s been ongoing for the last month, which now stands 26.9%, far below the inflation rate, which most analysts believe is close to 40%. Grain Market Viewpoint read more

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