The blue dollar rose to $321, the highest level of Sergio Massa’s era as minister.
This week The soybean dollar added US$ 470 millionwhich in turn allowed the Central Bank to buy US$ 361 million. The liquidation of the soybeans rose towards the end of the week: it had started with US$ 67 million and this Friday it contributed US$ 107 million.
Thus, so far in this new edition of the soybean dollar that started on November 28 with a differential exchange rate of $230 US$ 1,824 million have already been settled.
The soybean dollar had been punctured at the start of this week. Between Monday and Tuesday it was around US$60 million a day and on Wednesday it fell to US$50 million. But the trend improved in the last two rounds, with $179 million on Thursday and $107 million this Friday.
Market analysts noted that behind this drop was the effect of the drought that makes producers more cautious and Faced with the prospect that the next harvest will be bad, they prefer to save old soybeans rather than liquidate it.
In this way, so far in the soybean dollar 2, Central purchases reach US$ 715 million.
The objective of the soybean dollar 2 is to achieve a settlement of US$ 3,000 million by December 31. Until now, US$ 1,824 million have entered, but the poor settlement of the first days of this week sparked questions about whether this objective can be met.
In the market they point out that to achieve the objective of reaching US$ 3,000 million, the daily settlement between now and the end of the year it should average US$121 million daily.
If the liquidation averages US$ 60 million per day, it would barely reach US$ 2,260 million at the end of the year. This is the scenario that within the sector is seen as most likely.
But they qualify that it is possible that exporters still comply with the commitment assumed with the government to reach US$ 3,000 million through financing lines in dollars that could enter the United and Free Exchange Market. “But as a genuine sale, the feeling is that we did not arrive. There is merchandise, but the producers are very concerned about the weather situation“.
The blue dollar rose
This Friday the blue dollar rose one peso, to $321, the highest price in Sergio Massa’s era as minister. During the week, the informal had started with a drop of four pesos that led him to $ 312. From there it began to climb until it reached $321 today.
Even with this rise, the informal price is far from the $350 it touched last July. And so far this year it has risen only 55%, below inflation, which accumulates 85.3% in eleven months.
In the case of financial dollars, the MEP dollar, which is traded on the Buenos Aires stock market, remained at $ 320 while cash with liquidity, with which companies are dollarized, fell 0.3%, to $ 331,6.
Argentine bonds recovered today with increases of up to 1%, which allowed the country risk to drop 2.1%, 2175 basis points. It is the lowest level since June 13.