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Argentina's Treasury sold an estimated $150 million to $200 million on January 2 to limit peso weakness on the first day of the new foreign-exchange band rules. The peso weakened 1.4% to 1,475 per dollar.
Investors appear confident Argentina will meet its January 9 bond payment.
State dollar sales slowed the peso's fall, which limits the export price advantage Argentine farmers gain from a weaker currency. This modestly supports Argentine export prices for soybean products and corn.
Not enough comparable past events yet for a historical read.
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.