Drop in grain prices impacts Argentine economy

The price of soybeans fell Thursday to $314.17 per ton (-1.5%), in the reference market of Chicago. Wheat fell to $186.75 per ton (-1.8%), and corn fell to u$s145.57 per ton (-2.6%). For Argentina the impact is important because China is the largest importer of agricultural products in the country; it is the recipient of 90% of soybean exports, 70% of beef (over $2 billion) and 22% of pork ($3.5 million in 2019).

Source: Ámbito