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Argentine assets jumped after the government reached an agreement with the IMF to restructure about $40 billion of debt from a failed 2018 loan. The black market peso surged 6.2% and the Merval index rose nearly 3%, ahead of a $700 million payment due that Friday.
A debt deal that eases default risk strengthens the peso and cuts pressure on Argentine import costs, which can ease the local price of imported feed inputs. The effect on world grain and meal prices is limited.
financialpost.comReutersJan 28, 2022Not 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.
