Argentina's country risk index stayed above 804 points on Tuesday, and Argentine bonds traded in New York fell again, with the longest-dated bonds leading the losses. The official dollar at Banco Nación rose to 1,570 pesos and the wholesale dollar gained 0.20% to 1,549 pesos.
Investors were focused on the US midterm elections and how they could affect Treasury Secretary Bessent's room to support Argentina.
Higher country risk and a weaker peso raise the cost of capital and add currency volatility for Argentine exporters of soymeal, corn and other feed ingredients, which can change how quickly they sell. 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.