After the zero retentions window, Agro has a volume of exports greater than US $ 4000 million. The Treasury maintains a strong purchasing rhythm to reinforce reservations and cover the maturities of January.
The agro -export sector still has a volume greater than US $ 4,900 million in exports to complete the flow planned for the 2024/25 campaign, according to calculations of the Rosario Stock Exchange (BCR).
“If the remaining merchandise is valued outside the 2024/25 campaign at the current export FOB price on Wednesday, September 24, it is estimated that the total value of wheat, corn, and bean, the flour and soybean oil that remains to be sold abroad to meet the estimated export projection for the campaign reaches Au $ S4.933 million,” said the BCR in its report.
The entity explained that the products of the Sojero complex They represent most of what remains to be liquidated, with US $ s3,150 millionfollowed by corn, with external sales pending for US $1,790 million. Wheat, on the other hand, already has 100% of its projected volume sold.
In physical terms, the total grain to export sum 93.4 million tonsof which 76.8 million They were already declared by DJVE as of September 25. The remaining stock has a theoretical value of US4,933 millionmeasured to current export FOB price.
DOLLARS CAMPO SOJA AGRODOLARES.JPG
Monday and Tuesday, last days of agro settlements
This Monday and Tuesday a new Sales of Agro sales is expected, which will allow the treasure to close the stage with record purchases. According to the Consultant 1816between Monday and Tuesday the sector should liquidate around US $2.7 billioncompleting a total flow of US $6,300 million.
“If the treasure maintains the current purchasing rhythm – aquivalent to 77% of the liquidated -, this stage will end with close acquisitions AU $ S s s3.8 billion”, They estimated from the consultant.
The decision to prevent for 90 days from the purchase of financial dollars who access the official market had an immediate effect. Thanks to the settlements of the agriculture and the exchange restrictions on Friday, LThe gross reservations of the Central Bank (BCRA) grew US $ 1,889 million This Friday, which meant the greatest daily increase since August 4, to overcome the U $ 41,000 million.
This was a product, fundamentally, of treasure purchases, which reached the US $ 1,345 million, confirmed the Minister of Economy, Luis Caputoon a day in which the BCRA reinstated a measure of the stocks to the dollar (cross restriction) to cut with a financial ruling and be able to accumulate reserves.
Source: Ambito
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