US feedstock trading has slowed and values are expected to fall after Argentina removed its grain export tax, according to Quantum Commodity Intelligence sources. The report focuses on the effect on US feedstock markets rather than the tax change itself.
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Argentina's tax removal is expected to increase Argentine export supply of soybeans and oilseed products, weighing on global soy complex prices and reducing demand for US feedstocks.
After 803 past bearish trade events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 152 past bearish trade events, SBO moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.