Removal of export tax boosts Argentina's corn acreage.
Truckers are striking over increased gas prices and tolls.
The state of Mato Grosso needs more tax money.
Brazil president Dilma Rousseff was suspended by the Brazilian Senate by 55 votes to 22, condemning her on charges of fiscal mismanagement, this Thursday morning after several hours of session.
Despite a slowing economy, China remains interested in U.S. ag commodities
The slash of export taxes of grains in Argentina has generated a positive response for those products in the international markets recently. What nobody expected was that Brazil would create new export taxes without any previous announcement. The unfolding of that situation could impact positively the grain market, and open the door for more U.S. soybean exports, some analysts say.
Significant crop losses could be occurring in Brazil as harvest begins next week due to irregular rainfall.
Buenos Aires, ARGENTINA (Agriculture.com)-- As the new president of Argentina, Maurício Macri confirms today the end of the export tax for wheat, corn, beef, and sunflowers, added to a reduction of five percentage points per year for soybeans, analysts have diverged about a forecast of the U.S. Department of Agriculture that just increases the South American country's soybean exports by 500,000 tons during the 2014/15 crop season. Most experts say that the U.S. agency has underestimated significantly the real potential of Argentina shipments this year.
BUENOS AIRES, Argentina - Argentina’s new President-elect is expected to drop soybean export taxes considerably, creating market-fear over a wall of soybeans entering the global export market.
The news sharply dropped the soybean futures market, initially Monday, though the complex rebounded today.
PORTO ALEGRE, Brazil (Agriculture.com) - As the soybean prices in Chicago may be worrying a lot of farmers in several places, Brazil might increase its surface dedicated to the oilseed during the 2015/2016 crop season. According to Carlos Cogo, an experienced consultant based in Porto Alegre, Rio Grande do Sul, the total soybean area in the country will jump to 81.2 million acres or a production of 100 million metric tons - up from 78.8 million acres in 2014/2015.