Insights and Stories on Export Tax

Dec. 16, 2020 at 7:59 pm CST

Chicago | Reuters — U.S. soybean futures eased on Wednesday on a profit-taking setback after approaching 4-1/2-year highs, traders said. Corn futures ended firmer on technical buying, while wheat dipped. Concerns about dry conditions limiting crop potential in key corn- and soy-growing areas of South American underpinned the market, with […]

By Mark Weinraub

Dec. 14, 2020 at 8:52 pm CST

Chicago | Reuters — U.S. wheat futures dropped 2.9 per cent on Monday, their biggest daily sell-off in two weeks, with traders saying that Russia’s export tax plan was bearish for prices in the short term. Soybean futures were firm, supported by a rising forecast for imports by top global […]

By Mark Weinraub

Mar. 9, 2020 at 3:34 pm CDT

Buenos Aires | Reuters — Argentine farmers began a four-day sales strike on Monday to protest the government’s hike of export taxes for soybeans and their byproducts, though shipments were not impacted in the major global food exporter. Three of the South American country’s four main rural associations announced the […]

By Maximilian Heath

Mar. 3, 2020 at 8:16 pm CST

Buenos Aires | Reuters — Argentina plans to raise taxes on soybean, soyoil and soymeal exports to 33 per cent from the current 30, the agriculture ministry said on Tuesday, as the government moves to increase revenue ahead of a planned sovereign bond restructuring. Ministry officials met with farm groups […]

By Reuters

Aug. 29, 2018 at 6:52 pm CDT

Chicago | Reuters — U.S. wheat futures rose 3.5 per cent on Wednesday on technical buying and rumours that Russia might curb wheat exports, traders said. Soybeans and corn closed modestly higher, following wheat. Chicago Board of Trade December soft red winter wheat futures settled up 18-1/2 cents at $5.41-3/4 […]

By Julie Ingwersen