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Buxton ND | Here's 3 tweets I picked up this afternoon is "may" be some of today weakness in beans. IF Argentina does rise its export tax,,,I would guess CHINA will be the first to know...... The "carrot and the stick part",,,I'm glad to see I'm not the only one that uses that term LOL
Any threat to raising taxes more than 5 percentage points could spark a wave of sales; they still hold ~7 mmt old crop
the backwardation of the oilseed market could enable the Argy govt. to use a carrot and stick to incentivize front-end movement.
what if ... Argentina hiked the export tax to 50% effective July 1... might force a re-think on the producers "hold everything" strategy | |
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Meep meep... (Pic)
