The blue dollar fell 15 pesos this Monday.
News in development
After the sharp drop of 15 pesos in the blue dollar following the announcement of the soybean dollar by the Ministry of Economy, the markets continue to wait for the price of the US currency in the informal market.
“Strong Rise in Business”: Soy advanced over $ 21,500 in Rosario and closed at $ 72,500
The price of soybeans rose by more than $ 21,500 on the Rosario (BCR) Exchange, or more than 43%, and topped $ 72,000 per ton, in response to the government-announced instrument that it will recognize a value of $ 200 per dollar for soybean exports until 30 September.
Available corn, on the other hand, closed lower and wheat was not traded, impacted by the US vacation and the consequent lack of activity in the Chicago market. Read more here.
The Central Bank has expanded the use of dollar-adjusting accounts for soybean producers
The Central Bank (BCRA) has today extended to all soybean producers who export their crop the possibility of depositing the pesos they get from that sale in the so-called “chacareras accounts”, which pay daily interest equivalent to the exchange rate adjustment dollar wholesale.
The measure was adopted through Communication A 7595, which allows producers to deposit the money of the soybean transaction on existing accounts but, to date, limited to 70% of soybean exports made in August, under the previous “70/30” incentive scheme expired on August 31st. Read more.
Source: Clarin
