1) A new @citi analysis says #Argentina's drought will not have a major balance of payments impact, at least for now, because farmers stockpiled soybeans from previous harvests, and because the bad weather has raised soybean prices ($385 per ton, compared to $358 last year).
3) Worse still, a @BCP_Securities report says the drought will raise food prices in #Argentina, and "add to the country’s inflationary woes."