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Global Grains, Markets & Rain Days Update 03/14/2022

Yesterday afternoon, Argentina’s Ministry of Agriculture announced a suspension of export sales of soybean meal and soy oil. Supposedly, the ban on the sales is for a short time until an increase in internal taxes can be implemented. The rumor is the export tax will be increased by 2% to 33%, the same as beans. Anything already booked for export will be shipped.

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