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The Argentine peso hit a record low of 1,565 per dollar at the open on November 4 before recovering to about 1,549. Country risk remained above 800 basis points, with investors citing a weak economy, political risk and the Middle East conflict pushing up oil prices.
A weaker peso can lower Argentine farmer selling costs and encourage grain and soymeal export flows, which modestly pressures world soy product prices.
elnuevoherald.comReutersNov 4, 2026Not enough comparable past events yet for a historical read.
After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% 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.
