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Argentina cut export tariffs on soybeans, meal, oil, wheat, corn and sunflower from late January 2025. Meal export activity remains slow as farmers sell cautiously and crushers struggle with currency liquidation rules.
Slow farmer selling and financing problems limit Argentine meal export supply, supporting meal prices despite the lower tax.
spglobal.comFeb 3, 2025After 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 196 past neutral policy events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.
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.
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.
