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China export plans. China's actions this week to reduce export taxes on some products and eliminate them on others do include ag products. China will eliminate a 5% export tax on corn and soybeans and a 10% tax on corn flour and corn starch exports as of Dec. 1, while reducing the tax on wheat and rice to 3% and on wheat and rice flour to 8%. However, statements by government officials are that the country has no plans for large-scale grain exports in coming years.
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