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Argentina's Economy Minister Luis Caputo confirmed that the temporary export tax cut on soy and corn will end as planned. Duties on soymeal and soyoil return to 31% from 24.5%, and on soybeans to 33% from 26%.
Higher export taxes reduce Argentine farmers' incentive to sell, tightening world meal and oil supply and supporting soymeal and soyoil prices.
batimes.com.arJames GraingerMay 21, 2025After 172 past bullish policy events, Soybean Meal 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, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
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.
