Agricultural market analyst German Itorizawent on Channel E and pointed out the current situation of grain trade and warned that after the strong advance of foreign exchange in the agricultural export sector, dollar income may suffer in the coming months.
“In Argentina we live at lightning speed, Every month is a year for the world“, expressed German Iturriza, who highlighted that “that $7,000 million that came on September 25, 26 and 27 They have been a tremendous lifesaver. To be able to maintain the gang scheme by the government.
Strong dollar consumption during October
As it developed, this infusion of foreign exchange made it possible to maintain the exchange market, along with “Promotion by North American government With awesome ads and then With the concrete implementation of the swap “About $2,000 to $3,000 million,” but he warned that the situation had become complicated in October: “We had a furious October when it came to dollar consumption To provide this dollarization in the internal market, which was also enormous, and it was a really deadly ups and downs.
This progress in exports created a vacuum in the following months, Itorriza explained: “If you enter early, business 2025 and business 2026, then obviously the bleeding starts the following month, Weakness in terms of foreign exchange earnings has begun“.
Difficulty in the agricultural sector in closing businesses
Likewise, he noted that the government had been able to stabilize expectations thanks to the use of barter and the confirmation of the exchange rate system, but explained that “the market today, especially in soybeans and the soybean complex, You are having difficulty taking on new tasks“.
The interviewee explained that “currency statements can be divided into two types; Those that have already entered in foreign currency and those that will enter in foreign currencyHe pointed out that the new operations “were issued at a rate of 26% for soybeans, 9.5% for corn, and for wheat.”
In this sense, note that “November is above averageDecember on average, that is, the conclusion is, I’ve already sold what I normally sellBut he warned that “January I more or less.” $500 million below than what I usually sell,” which may affect the currency flow in the first quarter of the year.
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