Argentina farmers digest primary election shock, wait to export despite weaker peso
(WorldNews Argentina)

BUENOS AIRES — Argentina’s key grains export sector became instantly more competitive on Monday when the local peso weakened over 15% against the U.S. dollar, but farmers said they would wait to see where the currency settles before selling. With some analysts forecasting an even weaker peso ahead and growers fearing a return to interventionist economics under the opposition Peronists, selling was muted as Argentines processed President Mauricio Macri’s shockingly poor primary performance against challenger Alberto Fernandez. The peso crashed against the greenback after Macri got thumped by Peronist...