# U.S. grains: Soybean futures edge up as Argentina ends export tax waiver | Farmtario

> Chicago soybean futures ended slightly higher as Argentina reimposed grain export taxes after reaching its $7 billion sales cap. Argentina's declared soy exports for 2024/25 hit a seven-year high during the brief pause, and Chinese buyers booked about 1.3 million tons of Argentine beans.

- Date: 2025-09-25 · published 2025-09-25T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13833-u-s-grains-soybean-futures-edge-up-as-argentina-ends-export-tax-waiver-farmtario
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The end of the tax holiday removes Argentina's extra export push, which gives modest support to US prices. Continued Chinese shift toward South American supply still limits upside.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | +0.6% | +2.7% |
| WHEAT | 2019-12-24 | [Argentine government taxes farmers to fund spending - Grain Central](https://feedsoft.ai/events/55423-argentine-government-taxes-farmers-to-fund-spending-grain-central.md) | +0.6% | +2.7% |
| WHEAT | 2024-01-03 | [Argentina farm exports halved in 2023](https://feedsoft.ai/events/13943-argentina-farm-exports-halved-in-2023.md) | -1.9% | -1.8% |
| WHEAT | 2018-09-02 | [Argentina IMF deal could mean reversal of Macri's grain tax cuts](https://feedsoft.ai/events/62868-argentina-imf-deal-could-mean-reversal-of-macri-s-grain-tax-cuts.md) | +4.3% | -1.9% |
| WHEAT | 2026-06-01 | [Latest U.S.-China Agriculture Talks Expand Purchasing Pledges Beyond Soybeans](https://feedsoft.ai/events/14569-latest-u-s-china-agriculture-talks-expand-purchasing-pledges-beyond-soybeans.md) | -2.6% | -0.3% |
| SOY | 2020-04-24 | [Higher export taxes impact Argentina’s future soy acres \| 2020-04-24  \| World Grain](https://feedsoft.ai/events/53488-higher-export-taxes-impact-argentina-s-future-soy-acres-2020-04-24-world-grain.md) | +1.3% | -0.5% |
| SOY | 2020-10-02 | [Soybeans Bounce as Argentina Suspends Export Registrations \| Feed & Grain](https://feedsoft.ai/events/12139-soybeans-bounce-as-argentina-suspends-export-registrations-feed-and-grain.md) | +2.6% | +2.8% |
| SOY | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | +1.0% | -2.6% |

## Sources

- farmtario.com: https://farmtario.com/daily/u-s-grains-soybean-futures-edge-up-as-argentina-ends-export-tax-waiver/
- ukragroconsult.com: https://ukragroconsult.com/en/news/soybean-futures-in-cbot-rose-after-argentina-reinstated-export-duties/
- tradingview.com: https://www.tradingview.com/news/reuters.com,2025:newsml_L2N3VC0TL:0-soybean-futures-steady-as-argentina-ends-export-tax-waiver/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.