
Argentine farmers say the gains from President Milei's free-market reforms are modest, with multiple national, provincial and municipal taxes still weighing on competitiveness. Milei had promised to scrap export taxes on beef and cereals, but the cuts announced in July fell short of industry expectations.
Persistent export taxes keep Argentine farmer selling slow and limit export supply, leaving some grain and meal supply tied up domestically.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.