The announcement of a new soybean dollar encouraging producers to finish selling the between 3,000 and 5,000 million dollars that there are still soybeans stored in the silobags could materialize in the next few hours.

Although he said there would be news on Monday, Sergio Massa called it that Friday at 18 rural entities and agro-industrial enterprises to a deed at the Ministry of Economy. And he is expected to give some hints this afternoon when he speaks at another meeting at the Peugeot plant in Palomar.

The dollar differential for agriculture had been $200 in September. In the sector there are bets on the announcement of a mechanism similar to the one that allowed the liquidation of 7.6 billion dollars, of which the Centrale has accumulated 5 billion.

The new exchange rate would be “$200 plus inflation from September, which would give $225-230,” interpret the sources consulted. And the goal would be to reach 3,000 million dollars in funding. It would start on Monday and only last through December, according to what has emerged so far.

Despite restrictions on importers and the increased cost of access to the dollar, the BCRA has not been able to hold back the additional currencies that have entered the field and, since October, has sold $1.5 billion, 30% of the purchases accumulated in September .

As of Nov. 9, manufacturers and exporters have agreed to purchase 31.8 million tons of soybeans, according to a report from the Rosario Stock Exchange. This is 2.3 million tonnes less than the previous campaign, and the lowest volume traded at this point since 2008/09.

Thus, the 8.6 million tonnes remaining to be assessed (excluding seed production), at $596 per tonne FOB of beans, given that the producers have about 5,100 million dollars.

The government has pledged to the International Monetary Fund to build up US$5,000 million in net reserves by the end of the year. A mission will travel to the United States next week to negotiate with the agency a disbursement of 5.9 billion dollars in December, but these resources will be used mainly to pay off the debt. Therefore, the market awaits new measures.