Weather Woes and Export Taxes Propel Prices

Soybean prices are rising on weather concerns in Brazil's Mato Grosso region, where below-average rains and a 25% moisture deficit are impacting crop growth. Adding to the upward trend, Argentina's decision to increase export taxes on soybean oil and soybean meal by 2% is providing additional support.

Heartland Market Talk

00:00 / 5:46

Soybean prices are rising on weather concerns in Brazil's Mato Grosso region, where below-average rains and a 25% moisture deficit are impacting crop growth. Adding to the upward trend, Argentina's decision to increase export taxes on soybean oil and soybean meal by 2% is providing additional support.

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