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Argentine markets rallied after the US Treasury pledged support. The 2046 sovereign bond rose to 55.5 cents on the dollar, and the peso strengthened 4.7% to 1,408.5 per dollar.
The central bank had spent more than US$1 billion of reserves defending the currency the previous week.
A stronger peso can encourage Argentine farmers to hold or delay soybean and meal sales, tightening export availability. The price effect on global soy complex markets is modest.
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.