The MSCI Merval index of leading Buenos Aires Stock Exchange shares fell 3.27% to 89,070.13 on Monday. YPF, Transportadora Gas del Norte and Grupo Supervielle led the losses, while Argentine dollar bonds rose up to 1.1%.
Argentina's country risk index rose 1.3% to 797 basis points.
Equity and bond weakness with a higher wholesale dollar points to tighter financial conditions in Argentina, which can affect peso-denominated farm input costs and export-related dollar flows. This is a routine market move with no direct effect on feed commodity supply.
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.