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Argentina's government has cut export duties to zero on several agro-industrial products, including wheat, sorghum, soybeans and corn, under Decree 851/2021. The measure takes effect January 1, 2022.
Removing export taxes makes Argentine grain and oilseed exports more competitive, which can increase export flows and weigh on world prices. Sorghum and corn buyers may see more supply available.
aduananews.comAduanaNewsDec 15, 2021After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 122 past bearish policy events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
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.
