Argentina’s presidential election on Nov. 19 represented a seismic shift in the country’s political and economic discourse. Facing a depreciating currency, high unemployment, egregious budget deficit, and rampant inflation the electorate backed the right of center Libertarian candidate Javier Milei. Despite being a congressman, Milei essentially campaigned as a political outsider. Lower taxes, reduced capital controls, trade liberalization, lowering inflation, and government spending were cornerstones of the campaign.
As Milei’s election pertains to Argentina’s agriculture sector we see the removal of capital controls, reduced tariffs, and trade liberalization can have impact on U.S. agriculture exports.
HTS Commodities Senior Commodities Strategist Walter Kunisch, discusses the long-term price risks for U.S. corn and soy exports in our latest commentary: https://lnkd.in/dRNHEp5C
#HilltopSecurities #Commodities #Argentina #Corn #Soy