
Argentina's country risk index rose 18 points to 805 basis points, its highest level since October 2025, as Argentine bonds fell up to 1.7%. Investors reacted to the US midterm elections, political signals from Brazil after Lula's win, and weakness on Wall Street.
The Merval index fell 3.3%, with YPF down more than 6% after Brent dropped about 8%.
Argentina's sovereign risk and peso pressure weigh on its dollar-denominated debt and farm export policy, while the oil slump hits energy-linked equities. For feed buyers, Argentine macro stress can affect soymeal and soyoil export flows and pricing.
Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
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.