
Argentina's Economy Ministry decreed that soybean and corn export duties return to January levels from July 1, with soybeans rising from 26% to 33% and corn and sorghum from 9.5% to 12%. Wheat and barley duties stay at 9.5% until March 31, 2026.
Sunflower duties rise from 5.5% to 7%.
Higher export taxes can reduce farmer selling and export incentives, which may tighten Argentine supply of soy complex and corn and support world prices, while lower wheat and barley duties keep those exports competitive.
After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 172 past bullish policy events, SBM moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.