Key Takeaways:
Argentina is a major global agricultural exporter, but producer returns have historically been constrained by export taxes. Export taxes have been a long-standing policy tool since 1955, reintroduced in 2002 after Argentina’s financial crisis, and have since remained a key source of government revenue while distorting agricultural prices for producers. Javier Milei’s 2023 election marked a sharp policy shift toward fiscal austerity and market liberalization, with early reforms producing a fiscal surplus in 2025 but at the cost of significant short-term economic contraction and currency devaluation. Following the fiscal turnaround, the government announced a phased reduction in export taxes in May 2026, with gradu...
What You Need to Know Today: A drier early-October forecast should help harvest accelerate across areas of the western Corn Belt that have been running behind, adding pressure to soybeans and soymeal today as concerns over near-term physical tightness begin to ease. Markets are still digesting...
Key Takeaways: Dry bulk markets are mixed this week with the Capesize sector seeing a sharp correction from its recent rally. Smaller vessel classes are steady/firmer but the Chinese Golden Week Holiday is pressuring near-term rates. Dry bulk freight did not receive the bullish boost it...
