Regional Updates Argentina’s Rumored Corn and Wheat Taxes Rumors of an increase in wheat and corn export taxes appeared in Argentina this week. There are talks of increasing the tax from 12 to 24 percent for 90 days. So far, these are just rumors. The government can only increase it to 15 percent by decree, and any increase above that will have to pass through the Congress. Currently, it doesn’t seem there are sufficient votes to pass a larger increase. More details about the government’s newly created trust are also appearing. The objective is the contribution of $25 million from wheat and corn exporters to subsidize wheat flour and dry pasta. Exporters will have to contribute to the trust, the exact amount...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
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Illuminating the value of technical research
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