World Perspectives
soy-oilseeds

Oilseed Highlights: Argentina’s Tax Rates; Soy Export Sales; Argentina Rainfall

Argentina Headed Down the Proven Wrong Path on Agriculture Again It has been said that the definition of stupidity is doing the same thing over and over again and expecting different results. Yet, that appears exactly what the new Peronist government in Argentina is doing to address the financial crisis the country once again faces. And it will be the agricultural sector that pays the price for that stupidity. Last weekend the government of President Alberto Fernandez announced it was immediately raising the export tax rates on wheat, corn, sunseed, barley and sorghum from 5.7 percent to 12 percent. The export tax rates for soybeans, soybean meal and soybean oil were increased from 24.7 percent to 30 percent. This week the government indi...

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biofuel energy

E15: What Does It Mean?

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