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Tag Archives: Argentina

ARGENTINA PROMISES

Argentina’s ruling party presidential candidate would quickly slash grains export taxes and gradually phase out other controls that hurt farm profits, one of his top advisers said on Wednesday, changes that would sharply break with current policy. Last week, the challenger who leads in the polls made a similar promise.

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WAITING OUT

Spot trading on Argentina’s main grains and oilseed market has slowed sharply as farmers hold on to their crops in the expectation this month’s presidential run-off vote will lead to a reduction in hefty export taxes.

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WATCH ARGENTINA’S ELECTION

Corn could get cheaper in December if Mauricio Macri is elected president of Argentina, Dr. Michael Cordonnier says. Macri promises to eliminate all export taxes on corn and wheat out of Argentina on day one.  Runoff election is scheduled for Nov. 22.

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ARGY MEAL COMING TO U.S.

Soaring prices for U.S. soymeal and slow movement of product domestically has sparked talk of buyers turning overseas at a time when U.S. supplies were expected to dominate the market due to a record harvest. Four shipments of Argentine soymeal are headed to the United States, according to a Buenos Aires-based grains industry source who… read more

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FEWER BEANS

The Rosario Exchange in Argentina says they now expect the country’s soybean farmers to plant 20.7 million hectares – that is at the lower end of their previous range of 20.6 to 20.9 million hectares.

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