Loading…
Argentina's government agreed not to raise agricultural export taxes or introduce grain export quotas, after talks with farm leader Jorge Chemes. The taxes remain at 33% on soybeans, 31% on soy oil and meal, and 12% on corn and wheat.
Removing the threat of higher export taxes or quotas keeps Argentine soymeal, soyoil and corn flowing to world buyers, which eases supply concerns and weighs on prices.
world-grain.comArvin DonleyFeb 11, 2021After 222 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.1% to +1.2%), and -0.6% over 20.
After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% 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.
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.
