Argentina exported 40 million tons of soybeans and the market seeks balance between prices and currencies.

On the international front, two factors dominate the scene: the arrival of harvest pressure in the United States (with nearly 20% of corn and soybeans already harvested) and the lack of a trade agreement between that country and China, which limits the pace of exports. Added to this is the recent paralysis of the U.S. government due to the lack of budget approval. “The shutdown of activities in the United States worries the market, but above all because it leaves us without the USDA reports, which are fundamental for monitoring the progress of the harvest and production adjustments,” explains Dante Romano, professor and researcher at the Center for Agribusiness and Food at Austral University. Until a few weeks ago, both China and the United States were eager to reach an understanding: the former to cover its year-end needs; the latter to place an abundant harvest. However, the temporary elimination of export duties in Argentina changed the scenario. “The strong Argentine offer ...