23.
11.15
13:00

Share price decline in soybean as a result of the Argentine election results

Argentina's presidential elections and the soy courses.

The presidential elections took place on Sunday in Argentina brought the party to power, which put on a more liberal course. This, in particular the export taxes on soy, corn and wheat should be substantially reduced.

Extent to which the campaign promises used to be, still remains open. However, those politicians has been chosen with the candidates Macri, has placed a strong emphasis on this aspect of the Government. After all, which is Argentine State budget to almost 40% of the revenue from the agricultural export taxes funded.  A redistribution on higher income taxes is to be expected.

As far as possible, react in this growing season on the order with soya and maize . In the wheat, it is too late, as the harvest is already underway. Some rest areas shall be appointed in the corn. The late sowing sustainable soy will benefit most. The forecasts for the soybean have been already firmly upwards.

The new Argentine agricultural releases even more forces. The previous stock economy of the Argentine farmer with corn, soybeans and wheat as a protective measure against inflation in the country will continue most likely not in the previous extent. This leads to a sudden offer thrust particularly in the soybean sector.  

Leading stock markets in particular the show soy courses already sharp reactions down. To the Government Declaration will prove to be, to what extent, the Agriculture of the political changes in Argentina will be affected.

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