Peso weakening or soybean price increases after trade war with China ends?
As feared, #Argentina's farmers appear to be stockpiling soybeans as they await potential further peso weakening. As a result, they are depriving the government of a foreign exchange windfall expected from the bumper crop (up 38%, according to @jpmorgan).
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Never a good idea to depend on people whose own self interest doesn't allign with yours.
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Should I be proud that corporatist roots set down in the 30s, 40s and 50s were built to last?
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