Soybeans are Peronist: since Javier Milei took office, the price of grain has dropped 11%. This Wednesday the oilseed closed at US$437, the lowest price since December 2021.
The heat wave and lack of rain is affecting the development of the crop. The good news for the Libertad Avanza government is that soybean production will grow strongly after the fierce drought that affected production last year. The soybean complex is the main generator of foreign currency in the country. In 2023, despite the drought, it maintained first place.