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Grain Futures Rise as Cattle Prices Plummet

9/27/2025

25 2 Full Breakdown

Summary

Grain Gains, Cattle Losses

On September 25, grain and hog futures increased, while cattle futures fell.
Argentina's 26% export tax on soybeans generated $7 billion in three days.
China bought up to 35 cargoes of Argentine soybeans, likely meeting its needs until November.
U.S. corn exports hit 75.7 million bushels, aiding market stability.
Cattle futures dropped, with cash trade down $6 from last week.

Summary

Argentina Soybean Surge

Argentina's 2024/25 soybean exports reached 10.5 million metric tons, a seven-year high, after tax suspension.
The government reinstated a 26% export tax after exporters declared $7 billion in sales in three days.
China booked at least 35 cargoes of Argentine soybeans, signaling shifted sourcing amid U.S.-China tensions.
Analysts warn abrupt tax changes create investment uncertainty and may affect domestic prices.

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Grain Gains, Cattle Losses

On September 25, grain and hog futures increased, while cattle futures fell.
Argentina's 26% export tax on soybeans generated $7 billion in three days.
China bought up to 35 cargoes of Argentine soybeans, likely meeting its needs until November.
U.S. corn exports hit 75.7 million bushels, aiding market stability.
Cattle futures dropped, with cash trade down $6 from last week.

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