Argentina's country risk, measured by JP Morgan, rose above 800 basis points, reaching about 831 on November 3. The official retail dollar hit its 2026 high at 1,570 pesos, and the central bank bought no dollars on two consecutive sessions.
Argentine stocks and bonds fell to one-year lows amid caution ahead of US midterm elections.
Central bank absence from FX purchases and a weaker peso raise the cost of dollar-priced feed imports for Argentine buyers. The effect on global feed grain 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.