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Argentina Suspends Grain Tax, Boosts Soybean Exports Amid Market Pressure

9/23/2025

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Story summary
  • Argentina suspended its export tax on grains through October 31 to boost exports, especially soybeans.
  • The soybean market remains pressured as tax moves coincide with weak China talks.
  • Cattle futures jumped after New World screwworm was detected near the U.S.-Mexico border.
  • Lean hog futures rose to contract highs on strong fund buying and rising cattle prices.