Argentina to cut soy export taxes over next two years

As Argentine soybean farmers raced to get their crop in the ground last fall, they at least can say they’re facing some potentially lower costs down the road: The administration announced a plan to cut the retentions—export taxes on soybeans—by half a percent monthly. In December the withholdings were at 30% and will end 2018 with a rate of 24%. By December 2019, they will be at 18%.