Argentine Devaluation to Get $2.4 Billion From Crops by Year-End

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  • Peso plunge prompts exports of hoarded soybeans, corn
  • Shipments on pace for $400 million a day under new accord

Grain exports from Argentina, the world’s third-largest shipper of corn and soybeans, will add $2.4 billion to the country’s foreign reserves by year-end after the new administration allowed the biggest one-day peso devaluation in the last 14 years Thursday.

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