Broad agro-industrial rejection of increased retention of soy by-products and the creation of the Wheat Fund

After 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.

• Sep 28, 2023Crop Traders Urge Argentina to Liberalize Soy Production and Exports Ahead of Election-5.1%
• Jan 18, 2024Export taxes: Increase on soybean products would reduce foreign currency earnings by US$2.000 billion – Universidad Austral+1.1%
• Jan 9, 2020Argentine soybeans facing tax increases | The Western Producer+1.1%
• Apr 29, 2021Correction continues for corn, soybeans, wheat - Brownfield Ag News+0.1%
• Dec 24, 2019Argentina raise taxes on corn, wheat and soybean exports | Farm Online | ACT-0.5%

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.

• Aug 31, 2022Indonesia: Government increased the plantation fund tariffs for the exports of palm oil and its derivative products starting in November - Global Trade Alert-0.7%
• Jan 18, 2024Export taxes: Increase on soybean products would reduce foreign currency earnings by US$2.000 billion – Universidad Austral-1.3%
• Jul 11, 2024Corn Was King: The Transition to Soy in U.S. Production Agriculture - Center for Commercial Agriculture-1.2%
• Sep 2, 2021Kazakhstan to introduce restrictions on the export of sunflower seed and its products 02.09.2021 - UkrAgroConsult-0.9%
• Jan 16, 2025Clean Fuel Production Credit excludes producers from using used cooking oil  - Indiana Corn and Soy-0.5%