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The Financial Times reports that Argentina's currency, a key anchor of Milei's stabilisation plan, could come under pressure as presidential elections next year look closely contested. Economists argue the peso is overvalued, which helps fight inflation but worsens the costs of economic opening.
Expected peso weakness around elections could shift Argentine export incentives for soybean products, but the impact is a future risk rather than a current price driver.
ft.comGeoff Dyer, Latin America EditorOct 23, 2026After 206 past neutral policy events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
