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President Javier Milei reiterated a commitment to removing grain export taxes but gave no timeline. Current rates range from 12% to 33% depending on the crop, and the government still needs the revenue.
Without a firm removal date, export taxes stay in place and the export margin gap between Argentina and competitors remains, so near-term price impact is limited.
tridge.comAug 7, 2024After 553 past neutral policy events, SOY moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
