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Bioceres says the Argentine election could boost farmer spending and grain prices. Argentine farmers have long asked for the removal of taxes and caps that they blame for limiting grain and meat exports.
Expected policy easing could raise Argentine farm spending and export flows, which supports grain prices if reforms follow.
reuters.comTom PolansekNov 21, 2023After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
