Open bids for soybeans reappeared but failed to convince sellers

The activity of the local cereal market showed greater commercial dynamism on Wednesday compared to the few businesses closed in the previous days. After learning the details of the decree of the third export increase program, open offers for soybeans reappeared, even though the proposed prices were far from what producers who offered their crop expected, according to the Rosario Exchange (BCR).

Massa arrives in Washington to negotiate the next disbursement with the IMF

The Minister of Economy, Sergio Massa, arrives in Washington this Thursday morning to participate in the Assembly of the International Monetary Fund and the World Bank, but will have to hold a parallel negotiation with that of global finance to negotiate the next disbursement of the programme, which is complicated.

At the end of the month, the agency’s board of directors approved the fourth revision – which covered the last quarter of 2022 – and made the related disbursement. But the staff report came with a series of warnings for the first quarter of this year, mainly due to the impact of the drought which has drastically reduced the accumulation of reserves and for this reason the Fund has agreed to reduce the target of funds in the Center (US $3,600 million at the end of March and 1,800 in all of 2023). To know more.

The blue dollar closed at $398 on Thursday

The US currency in the parallel market rose by four pesos on Wednesday.

Meanwhile, the CCL dollar, used by businesses to transfer foreign currency, remained unchanged at $398.18. The MEP dollar, whose price comes from buying and selling bonds, fell by a few cents to $386.34.