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Corn: US tariffs put South America under pressure

December 4, 2019 at 12:54 PM , Der AUDITOR
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PARIS. The corn market declined slightly in the USA and continued its stronger trend in western Europe and the Black Sea Region.

In the USA, corn prices had reached a level of  371.50 cents per bushel this morning. The South Korean government had previously signalled the intention to import more than 1 million metric tonnes of corn due to the fear of an outbreak of African swine fever (ASF). On Monday, the Trump government announced that it would impose new punitive tariffs on steel and aluminium on Argentina and Brazil with immediate effect. As the president of the US posted to twitter, these countries artificially devalued their currencies in order to gain a competitive

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