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The Argentine peso weakened about 2.24% in early trading to around 1,430 per US dollar, according to traders, amid global tension. The move came as the broader Middle East conflict drove risk aversion across markets.
A weaker peso lowers Argentina's export costs in dollar terms, which can encourage farmers to sell soybeans, meal and corn faster and pressure dollar-denominated soymeal and soyoil prices. The effect is modest for a single-session move.
marketscreener.comReutersMar 2, 2026Not enough comparable past events yet for a historical read.
After 117 past bearish macro events, Soybean Meal moved a median -0.6% over 5 sessions (41% higher; middle half -2.5% to +1.7%), and +0.5% 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.
