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Growers and traders in Argentina's grains belt around Saladillo expect Peronist candidate Alberto Fernández to raise grain export taxes if he wins the October 27 presidential vote. Some farmers fear a return to the strict export limits of the Fernández de Kirchner era.
Higher export levies would cut farmer returns and could slow Argentine sales of soybeans, meal and corn into world markets, supporting international prices while pressuring domestic farm-gate values.
reuters.comHugh BronsteinOct 28, 2019After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 206 past neutral policy events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
