On the bright side, thanks to the steep peso devaluation, in local currency soybean prices are still high compared to the 2015-2019 average, @jpmorgan calculates in a research note.
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Collateral damage in the U.S.-China trade war: #Argentina, where low soybean prices are depriving the unpopular incumbent of a windfall from a bumper crop that was supposed to compensate for last year's drought, @business reports. https://www.bloomberg.com/news/articles/2019-05-16/trade-war-crop-rout-imperils-argentina-s-bid-to-revive-economy … @Pat_Gillespie
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