Argentines headed to the polls on Sunday for the primary elections, which served as a dress rehearsal for the general election in October. The ruling center-left Peronist coalition is likely to face punishment from voters due to the skyrocketing inflation and widespread poverty. The primaries are obligatory for most adults and provide a clear indication of the favorite to win the presidency.

The outcome of the election will have significant implications for Argentina's economy. The country's farm sector, which is a major exporter of soy, corn, and beef, depends on favorable government policies. Additionally, the future of the peso currency and bonds and ongoing negotiations with the International Monetary Fund regarding a debt deal hang in the balance.

The economic crisis has disillusioned many Argentines, leading to potential support for a far-right libertarian candidate. However, other voters may choose to protest by voting for fringe parties or abstaining altogether. These trends could impact the more moderate presidential candidates in the race, such as Buenos Aires Mayor Horacio Larreta and Economy Minister Sergio Massa.

As the first results are expected later today, the outcome of the primary elections will shape Argentina's political landscape and determine the path toward economic recovery.