Loading…
A global oilseed consultant said Argentine soybeans leaving the country are taxed at 33 percent and that domestic demand is weak. He argued that the government's taxes on meat and poultry production hurt the soy processing sector and farmers.
He added that the US and Brazil are strengthening their soy export capabilities.
Argentina's high export tax and weak domestic crush demand could push Argentine meal exports down and shift trade flows toward the US and Brazil. This keeps Argentine soymeal offers pressured relative to competing origins.
brownfieldagnews.comMark DorenkampJul 27, 2022After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
