USDA announced July lending rates for agricultural producers

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An excellent news for the community of institutional investors and retailers is at the same time a red warning signal for the Argentine agricultural business. The producer of granulated urea Profertil announced that it will complete its second issue of Negotiable Obligations (ON) Class II in the local market for 40 million dollars (with the possibility of extending to a maximum of 80 million dollars). The issue has a fixed rate that will be defi…