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Argentina's central bank governor Luis Caputo resigned after three months, citing personal reasons, and the peso fell a further 4%. The country's main share index fell more than 5% at the open.
Instability in Argentina's monetary leadership deepens currency pressure, which can make Argentine grain and meal exports cheaper and weigh on world oilseed and corn prices.
bbc.comAdd as preferred on GoogleSep 25, 2018Not 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.
