
Argentina, the largest soyoil exporter, is unlikely to fully benefit from record soyoil prices because of drought, a recent export tax hike to 33%, and subsidies that keep domestic prices low. Soyoil hit a record after Indonesia's palm oil export ban.
Record global soyoil prices lift international benchmarks, but Argentina's export taxes and domestic subsidies limit the upside for Argentine exporters.
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 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.