Argentina Tax Repeal Lowers Corn Prices

Stock InvestingThe Argentina Investment Rally

By Rudy Martin | 2008-07-23

Here’s some good news for a change. Last Thursday, the International Monetary Fund (IMF) reiterated a positive outlook for 7% growth in emerging economies versus 4% overall global growth for 2008. Also last week, corn prices were down, thanks to Argentina the world’s second-largest exporter of corn and the third-largest exporter of soybeans.

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