# Market Perspectives – December 19, 2019 - Page 7 of 10 - U.S. Grains & BioProducts Council

> Argentina replaced a 4 peso per tonne tax on corn, barley and sorghum exports with a 12 percent export levy under decree 37/2019. Brazil's corn shortage could push first-quarter corn imports to 1.1 million tonnes, and Cofco and others are looking to expand corn-to-ethanol capacity there.

- Date: 2019-12-19 · published 2019-12-19T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/55636-market-perspectives-december-19-2019-page-7-of-10-u-s-grains-and-bioproducts
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A higher Argentine export levy reduces farmer selling and export flows, supporting feed grain prices, while Brazil's corn import needs tighten global corn supplies.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲
- BARLEY: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-09-06 | [Market Perspectives - September 6, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/62938-market-perspectives-september-6-2018-page-7-of-11-u-s-grains-and-bioproducts.md) | -2.1% | +1.4% |
| CORN | 2020-12-31 | [Market Perspectives – December 31, 2020 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/49574-market-perspectives-december-31-2020-u-s-grains-and-bioproducts-council.md) | +6.2% | +17.5% |
| CORN | 2020-03-19 | [Council Looks Back At USMCA’s Development Following Canadian Approval - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/54107-council-looks-back-at-usmca-s-development-following-canadian-approval-u-s.md) | +1.1% | -1.8% |
| CORN | 2025-01-06 | [canola-news Archives \| Page 4 of 9 \| Canola Council of Canada](https://feedsoft.ai/events/26486-canola-news-archives-page-4-of-9-canola-council-of-canada.md) | +4.1% | +5.3% |
| CORN | 2019-01-18 | [Grain market week in review – Jan. 18, 2019](https://feedsoft.ai/events/7655-grain-market-week-in-review-jan-18-2019.md) | -0.5% | +0.8% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-december-19-2019/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-19-2019/7/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.