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Argentine grower Santiago del Solar says Argentina remains price-competitive in soybeans despite a 30 percent export tax. He says the country exports all its surplus and that its main barrier is self-inflicted rather than external.
Argentina's export competitiveness despite its soybean export tax keeps South American supply flowing to world markets, which limits upside in soy and meal prices.
reuters.comMark WeinraubFeb 1, 2017After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.
