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Argentina's JP Morgan country risk index rose above 800 basis points for the first time in a year as Argentine bonds fell sharply on Wall Street. Shares of IRSA, Cresud, YPF and Supervielle also dropped, and the retail dollar reached 1,565 pesos at Banco Nación.
Higher sovereign risk raises borrowing costs and can make Argentina's currency more volatile, which affects the financing of exporters and the timing of crop sales. The effect on feed prices is indirect and 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.