Argentina’s Election Results Argentina’s elections concluded on Sunday, with Alberto Fernandez winning the presidency in the first round.
The results were a big surprise in general, as were the bad results of the primary elections. (The recent ones were better than expected for Macri). The new government will take power on 10 December, and the transition will be difficult and long. In the meantime, ex-president and future Vice President Cristina Fernandez de Kirchner declared last night that all the decisions made until that date will be the responsibility of Macri. This of course won´t help smooth the transition and will reduce the power of president-elect Alberto Fernandez. The good news is that the Argen...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
