With springboard against, red alert on soybeans in Argentina

Updated Sep 26, 2023
Much has been said about the harvest in the US and the situation in Brazil in addition to Chinese demand. In order not to insist on the same, here we analyze the financial variables in the global market, as creators (in large part) of soybean prices. The dollar reached a maximum value against the yen this Monday; never seen for 11 months. Also, it reached the maximum level recorded in the last 10 months, in relation to a basket of currencies. The springboard for these increases clearly comes from the Federal Reserve when, last week, it reported that it could raise interest rates even further. In this way, bonds have risen to stardom. With the consequent increase in the yield of Treasury bonds, logically, the upward momentum in the value of this currency is very strong. The euro is also weakening. On its decline, it reached $1.06550. It is its lowest level since March 16. It is true that rates rose. But the point is that the market considers it very unlikely that the European ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.