# Corn vs Soy: Argentina’s Farmers Weigh Taxes, Margins in Planting Plans

> Argentine farmers are expected to favor corn over soybeans in the 2025/26 season, according to SRA president Nicolás Pino, citing higher soy export taxes after the temporary cut ended, subdued prices and better margins for corn. Corn is taxed at 12% versus 33% on soybeans and 31% on soymeal and oil.

- Date: 2025-07-09 · published 2025-07-09T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13847-corn-vs-soy-argentina-s-farmers-weigh-taxes-margins-in-planting-plans
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A shift in Argentine planting toward corn would reduce soybean area and raise corn supply expectations, weighing on corn prices while potentially tightening future soy availability. Global soy price weakness amplifies the tax burden on farmers.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-05-26 | [Argentina to Gradually Reduce Soy, Corn Taxes in Coming Years](https://feedsoft.ai/events/13795-argentina-to-gradually-reduce-soy-corn-taxes-in-coming-years.md) | -2.5% | -8.6% |
| CORN | 2025-12-09 | [Milei Is Cutting Export Taxes on Argentine Soy, Corn and Wheat - Bloomberg](https://feedsoft.ai/events/13819-milei-is-cutting-export-taxes-on-argentine-soy-corn-and-wheat-bloomberg.md) | +0.1% | +0.5% |
| CORN | 2025-01-23 | [Argentina Slashes Export Taxes to Rescue Drought-Hit Farmers - Bloomberg](https://feedsoft.ai/events/13881-argentina-slashes-export-taxes-to-rescue-drought-hit-farmers-bloomberg.md) | +1.4% | +4.0% |
| CORN | 2021-08-20 | [Lower tax, higher tech help corn displace soya as Argentina's top crop - Markets - Business Recorder](https://feedsoft.ai/events/45421-lower-tax-higher-tech-help-corn-displace-soya-as-argentina-s-top-crop-markets.md) | +0.4% | -6.4% |
| CORN | 2024-10-15 | [Mexico’s President Reaffirms Ban on Planting & Consumption of GMO White Corn - Pro Farmer](https://feedsoft.ai/events/27821-mexico-s-president-reaffirms-ban-on-planting-and-consumption-of-gmo-white-corn.md) | -0.1% | +2.6% |
| 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% |
| SOY | 2020-01-09 | [Argentine soybeans facing tax increases \| The Western Producer](https://feedsoft.ai/events/54929-argentine-soybeans-facing-tax-increases-the-western-producer.md) | -1.0% | -6.1% |
| SOY | 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) | +1.0% | -2.6% |

## Sources

- agriculture.com: https://www.agriculture.com/partners-corn-vs-soy-argentina-s-farmers-weigh-taxes-margins-in-planting-plans-11768831

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