Argentina's grains and soybeans exports to rise in future

Argentinian president, Macri, who recently won the presidential elections, came forward to strengthen the agricultural sector and announced  to abolish the export duties in the case of grains and  soybeans. This will encourage the grains and  soybeans exporter. Argentina is the fourth highest corn exporting country. 

Now farmers of Argentinian responding to the president's promise and started expanding corn production. The acreage planted with corn is around 10% more in compared to their previous plans, notes Commerzbank.