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Argentina's black market peso fell 0.82% to 15.95 per dollar on Wednesday, its weakest level in 13 months, while the official rate slipped 0.64% to 15.55. Traders cited concern over a sharp rise in the government's October fiscal deficit.
A weaker peso raises the cost of Argentine exports in dollar terms, which can encourage farmers to sell soybeans, corn and meal, but a falling currency also points to fiscal stress that is not directly bullish for feed prices.
reuters.comNov 23, 2016Not 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.
