# Argentines opt for change - Grain Central

> Javier Milei won Argentina's presidential runoff and has promised radical reforms, including relaxing export taxes of 33% on soybeans and 31% on meal and oil. Grain trade has stalled ahead of his December 10 inauguration as farmers hold supplies.

- Date: 2023-11-28 · published 2023-11-28T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13948-argentines-opt-for-change-grain-central
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected export tax cuts would let more Argentine soy products reach world markets, which is bearish for soymeal and soyoil prices over time.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-01-23 | [Tempered Chinese soy demand buoys canola outlook - Grain Central](https://feedsoft.ai/events/37875-tempered-chinese-soy-demand-buoys-canola-outlook-grain-central.md) | +1.2% | +4.4% |
| SBM | 2021-04-21 | [Reshaping grain trade? China moves to change animal feed recipes \| Reuters](https://feedsoft.ai/events/47641-reshaping-grain-trade-china-moves-to-change-animal-feed-recipes-reuters.md) | +3.5% | +0.1% |
| SBM | 2023-12-21 | [Changes in Argentina should boost the country’s soymeal and soyoil exports](https://feedsoft.ai/events/32788-changes-in-argentina-should-boost-the-country-s-soymeal-and-soyoil-exports.md) | -1.4% | -7.3% |
| SBM | 2025-10-03 | [Argentina Export Tax Shock Hits Grain Markets](https://feedsoft.ai/events/13828-argentina-export-tax-shock-hits-grain-markets.md) | -0.0% | +16.9% |
| SBM | 2020-08-18 | [Argentina Mulls Cutting Export Tax for Soy Meal: Industry Group](https://feedsoft.ai/events/51434-argentina-mulls-cutting-export-tax-for-soy-meal-industry-group.md) | -3.1% | +5.4% |
| SBO | 2023-12-21 | [Changes in Argentina should boost the country’s soymeal and soyoil exports](https://feedsoft.ai/events/32788-changes-in-argentina-should-boost-the-country-s-soymeal-and-soyoil-exports.md) | -2.6% | -3.6% |
| SBO | 2025-10-03 | [Argentina Export Tax Shock Hits Grain Markets](https://feedsoft.ai/events/13828-argentina-export-tax-shock-hits-grain-markets.md) | +2.1% | +1.4% |
| SBO | 2020-08-18 | [Argentina Mulls Cutting Export Tax for Soy Meal: Industry Group](https://feedsoft.ai/events/51434-argentina-mulls-cutting-export-tax-for-soy-meal-industry-group.md) | +1.2% | +8.9% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/argentines-opt-for-change/

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