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
-
Show this thread
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.
6:00 PM - 16 May 2019
0 replies
0 retweets
1 like
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.