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Tag Archives: Argentina

ARGENTINA OFFERS TO LIFT U.S. BEEF BAN

Argentina has offered to lift its ban on U.S. beef as the two countries continue to break through trade barriers. However, Argentina is a major beef producer and exporter, so it is unlikely that they will import much from the U.S. Still, lifting the ban would support the claim that BSE does not pose a… read more

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#PORK EXPORTS TO #ARGENTINA

The USDA Secretary with the U.S. Trade Representative say the government of Argentina has finalized technical requirements to allow U.S. pork imports into Argentina for the first time since 1992. (USDA)

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FRIENDLY CROP REPORT

USDA’s latest World Ag Supply and Demand Estimates report pegged ending stocks of soybeans at 550 million bushels, down 5 million bushels from last month, while cutting expectations for Argentina’s soy production. Corn stock estimates went up less than expected, sending the markets on a rally. (FarmWeekNow.com)

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CRUSHIN’ IT

Soy crushing plants in Argentina’s grain ports are key to Archer Daniels Midland Company’s attempt to take over longtime rival Bunge Ltd. ADM, while one of four firms that dominate global grains trading, is the only company in the group with no crushing capacity in Argentina. (Reuters)

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#MEXICO BRACING FOR NAFTA COLLAPSE

Mexico is getting ready for the possibility that the U.S. will pull out of NAFTA by courting other trading partners. The country has put negotiations for new or updated trade deals with other countries on the fast track, with new suppliers like Argentina and Chile already sending products to Mexican stores. (New York Times)

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#SOYBEAN FUTURES HIT SIX-MONTH HIGH

A truckers’ strike in Brazil, flooding in Argentina and an influx of investment in commodity markets here all came together this week to send soybean futures to a six-month high. “There’s a significant amount of interest in the ag sector of the commodity market,” said trader Jim Bower, who added that he believes the soybean… read more

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ARGENTINA EXPORTS RISE

Argentina’s crop exports surged $2 billion in the last three weeks of 2015 after restrictions were scrapped by the new president, according to Bloomberg News.

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ARGENTINA UPDATE

Starting today, Argentines will have full access to U.S. dollars. The exchange rate will be allowed to float after years of strict central bank control, prompting what is expected to be a 30% devaluation of the peso. Soybean exports from there expected to rise sharply.

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ARGENTINA UPDATE

Argentina will announce later today a much anticipated relaxation of currency controls on Wednesday, the government said, setting the stage for a weakening of the local peso and an increase of soybean shipments from the world’s No. 3 exporter.

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EXPORT TAXES DROPPED

The new Argentine president today eliminated export taxes for grains, and lowered the rate on soybeans.  In the case of soybeans the rate will fall from 35% today to 30%, while for corn (20%), wheat (23%) and meat (9%) will be eliminated entirely.

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