# Wheat leads on trade deals, export taxes, weather - Brownfield Ag News

> Soybeans and corn rose on commercial and technical buying as the US-China phase one trade deal was agreed but not yet signed, with some tariffs remaining at lower rates. Argentina raised export taxes on soybeans and products to 30% and on corn and sorghum to 12%, with the changes made by decree. The NOPA November soybean crush fell about 6% year on year.

- Date: 2019-12-16 · published 2019-12-16T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/6295-wheat-leads-on-trade-deals-export-taxes-weather-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Argentina's export tax hikes curb its supply of soybean products and corn, supporting meal, oil and corn prices. Unconfirmed China purchase details keep the rally tentative.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- DDGS: neutral
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-04-29 | [Correction continues for corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/7705-correction-continues-for-corn-soybeans-wheat-brownfield-ag-news.md) | +1.6% | -3.5% |
| SOY | 2026-09-28 | [RVO volumes driving biofuels turnaround - Brownfield Ag News](https://feedsoft.ai/events/14996-rvo-volumes-driving-biofuels-turnaround-brownfield-ag-news.md) | -3.1% | -4.7% |
| SOY | 2026-04-01 | [RVOs set to launch next biofuels boom - Brownfield Ag News](https://feedsoft.ai/events/15033-rvos-set-to-launch-next-biofuels-boom-brownfield-ag-news.md) | -0.8% | +1.0% |
| SOY | 2019-01-23 | [Kovarik: It's time for a long-term extension of the biodiesel tax credit - Brownfield Ag News](https://feedsoft.ai/events/60971-kovarik-it-s-time-for-a-long-term-extension-of-the-biodiesel-tax-credit.md) | +1.1% | -0.7% |
| SOY | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | +1.0% | -2.6% |
| SBM | 2021-04-29 | [Correction continues for corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/7705-correction-continues-for-corn-soybeans-wheat-brownfield-ag-news.md) | +0.1% | -7.6% |
| SBM | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | -0.5% | -0.8% |
| SBM | 2026-01-21 | [U.S. biofuel growth could lift soy prices, reduce China dependence - Brownfield Ag News](https://feedsoft.ai/events/15059-u-s-biofuel-growth-could-lift-soy-prices-reduce-china-dependence-brownfield-ag.md) | +1.5% | +5.7% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/wheat-leads-on-trade-deals-export-taxes-weather/

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