# Daily Market Wire 24 January 2025 - Grain Central

> 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.

- Date: 2025-01-21 · published 2025-01-21T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/6892-daily-market-wire-24-january-2025-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower Argentine export taxes encourage farmers to sell more soybeans, corn and wheat, adding export supply and pressuring world prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-08-21 | [Lacking US biofuel demand undermining grain prices: Grain Market Daily \| AHDB](https://feedsoft.ai/events/57687-lacking-us-biofuel-demand-undermining-grain-prices-grain-market-daily-ahdb.md) | +2.3% | +0.4% |
| WHEAT | 2021-03-17 | [Morning Market Review for March 17, 2021 - Beachner Grain](https://feedsoft.ai/events/5122-morning-market-review-for-march-17-2021-beachner-grain.md) | +0.9% | -3.6% |
| WHEAT | 2019-04-29 | [India lifts wheat tariff as election, harvest shape policy - Grain Central](https://feedsoft.ai/events/59579-india-lifts-wheat-tariff-as-election-harvest-shape-policy-grain-central.md) | -4.1% | -0.2% |
| WHEAT | 2017-12-07 | [Corn, rice self-sufficiency campaign distorting Indonesia’s market \| World-grain.com \| December 07, 2017 15:36 \| World Grain](https://feedsoft.ai/events/67533-corn-rice-self-sufficiency-campaign-distorting-indonesia-s-market-world-grain.md) | -4.0% | -1.3% |
| WHEAT | 2017-02-07 | [South Korea depletes rice stocks for feed use \| World-grain.com \| February 07, 2017 14:28 \| World Grain](https://feedsoft.ai/events/72584-south-korea-depletes-rice-stocks-for-feed-use-world-grain-com-february-07-2017.md) | +0.4% | -0.2% |
| CORN | 2021-05-31 | [Grain market review: Oilseeds May 2021](https://feedsoft.ai/events/47204-grain-market-review-oilseeds-may-2021.md) | +2.3% | -0.9% |
| CORN | 2025-07-01 | [TFM Daily Market Summary 07-01-2025 - Total Farm Marketing by Stewart-Peterson](https://feedsoft.ai/events/4522-tfm-daily-market-summary-07-01-2025-total-farm-marketing-by-stewart-peterson.md) | -3.3% | -4.5% |
| CORN | 2019-08-21 | [Lacking US biofuel demand undermining grain prices: Grain Market Daily \| AHDB](https://feedsoft.ai/events/57687-lacking-us-biofuel-demand-undermining-grain-prices-grain-market-daily-ahdb.md) | +1.9% | +1.2% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-22-january-2025/
- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-24-january-2025/

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