Loading…
Argentine stocks rose and the peso strengthened more than 3% on Monday after mid-term primary results. President Macri's candidate Esteban Bullrich narrowly led Cristina Fernandez for a Senate seat in Buenos Aires province.
Investors read the result as strengthening Macri's position for the October vote.
A firmer peso and lower default risk improve Argentina's ability to keep exporting soymeal and corn at competitive prices. The effect on world feed markets is modest because the currency moved after a domestic political event.
en.mercopress.comAug 15, 2017Not 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.
