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Argentina temporarily cut grain export taxes from Monday until June, lowering soybean tax from 33% to 26% and wheat and corn tax from 12% to 9.5%. Canada has so far avoided U.S. tariffs, and Japan's MAFF bought wheat from the U.S., Canada and Australia.
Lower Argentine export taxes encourage farmers to sell more soybeans, corn and wheat, adding export supply and pressuring world prices.
graincentral.comGuest AuthorJan 21, 2025graincentral.comGuest AuthorJan 23, 2025After 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.
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 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 172 past bullish policy events, SBM moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% 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.
