Loading…

JP Morgan's Argentina country risk index rose 1.3% to 979 basis points, up 39.6% year to date. Argentine company ADRs on Wall Street fell as much as 14%, while the official dollar reached its highest level of the year.
Financial stress raises the cost of capital for Argentine agribusiness and can tighten trade finance for grain and oilseed exporters. The effect on global feed prices is limited.
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.