One of the main reasons the ruling power in Venezuela is likely to lose this Sunday's election is the nation’s acute lack of foreign exchange to purchase imports as a result of the sharp drop in petroleum prices. Argentine Government to Make Equal Reduction in Soy Product Export Taxes Alberto Rodriquez, president of Argentina’s oilseed processor and grain export association (CIARA-CEC), indicates the new government will make the same 5 percent cut in the export taxes for soymeal and soyoil as it plans for soybeans. If this is correct, the rates for soyoil and soymeal will be lowered from 32 percent to 27 percent and that for soybeans from 35 percent to 32 percent. No one close to President-elect Macri has confirmed these reductions.By mak...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, Softs, Australia, Asia