Argentina lowers export taxes.

Argentina Cuts Export Taxes, Market Volatility Persists: Corn and soybean prices rise despite export tax reductions; US-China trade bill introduced; Brazil weather patterns influence South American cr

The grain trade opened lower Thursday night on the news that Argentina was dropping its grain and oilseed export taxes starting Monday and carrying through June. The bulk of the weakness in the night trading range was developed in the first 15 minutes of the session. Argentina announced that they will lower their export tax on soybeans from 33% to 26%, …