Argentina: Oilseeds and Products Update
There continues to be significant discussion over the short-term effects of the government’s decision to delay the reduction of soybean export taxes and the introduction of a five percent export tax rebate for northern provinces, which is expected to take effect in March 2017. Post estimates that it is too early to alter its production forecast based on these developments, and thus its 2016/17 soybean production estimate is left unchanged at 55 million tons. Adverse weather and erratic temperatures have delayed peanut sowing in south Cordoba province. Producers will be forced to quickly reaccelerate planting as the optimal planting window usually concludes around mid to late November.
