# Argentine election may boost farmer spending, grain prices -biotech firm Bioceres | Reuters

> Bioceres says the Argentine election could boost farmer spending and grain prices. Argentine farmers have long asked for the removal of taxes and caps that they blame for limiting grain and meat exports.

- Date: 2023-11-21 · published 2023-11-21T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/13949-argentine-election-may-boost-farmer-spending-grain-prices-biotech-firm-bioceres
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected policy easing could raise Argentine farm spending and export flows, which supports grain prices if reforms follow.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| SOY | 2025-03-28 | [Argentine farmers stall soy sales over murky FX outlook \| Reuters](https://feedsoft.ai/events/13869-argentine-farmers-stall-soy-sales-over-murky-fx-outlook-reuters.md) | -0.5% | +3.2% |
| SOY | 2023-02-28 | [Argentine farmers protest tax, currency policies as drought weighs \| Reuters](https://feedsoft.ai/events/13980-argentine-farmers-protest-tax-currency-policies-as-drought-weighs-reuters.md) | +1.5% | -5.0% |
| SOY | 2021-01-07 | [Return to food protectionism is riling farmers in Argentina \| Air Freight News](https://feedsoft.ai/events/49005-return-to-food-protectionism-is-riling-farmers-in-argentina-air-freight-news.md) | +3.4% | +0.5% |
| SOY | 2020-03-09 | [Argentine farmers begin four day sales strike to protest higher export taxes — MercoPress](https://feedsoft.ai/events/53992-argentine-farmers-begin-four-day-sales-strike-to-protest-higher-export-taxes.md) | -4.1% | -3.3% |
| CORN | 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) | -0.2% | +0.6% |
| CORN | 2023-02-28 | [Argentine farmers protest tax, currency policies as drought weighs \| Reuters](https://feedsoft.ai/events/13980-argentine-farmers-protest-tax-currency-policies-as-drought-weighs-reuters.md) | +0.9% | +0.2% |
| CORN | 2021-01-07 | [Return to food protectionism is riling farmers in Argentina \| Air Freight News](https://feedsoft.ai/events/49005-return-to-food-protectionism-is-riling-farmers-in-argentina-air-freight-news.md) | +5.6% | +13.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/argentine-election-may-boost-farmer-spending-grain-prices-biotech-firm-bioceres-2023-11-21/

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