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

> Agribusiness groups, including the Buenos Aires Grain Exchange, rejected a proposed increase in withholding on soy by-products. The funds would finance a Wheat Fund subsidy for flour prices, and the government says the measure will not harm producers.

- Date: 2022-03-19 · published 2022-03-19T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14048-broad-agro-industrial-rejection-of-increased-retention-of-soy-by-products-and
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher soy by-product taxes and a wheat subsidy fund reduce Argentine export competitiveness for meal and oil, supporting world meal and oil prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-09-28 | [Crop Traders Urge Argentina to Liberalize Soy Production and Exports Ahead of Election](https://feedsoft.ai/events/13951-crop-traders-urge-argentina-to-liberalize-soy-production-and-exports-ahead-of.md) | -5.1% | +9.5% |
| SBM | 2024-01-18 | [Export taxes: Increase on soybean products would reduce foreign currency earnings by US$2.000 billion – Universidad Austral](https://feedsoft.ai/events/13944-export-taxes-increase-on-soybean-products-would-reduce-foreign-currency.md) | +1.1% | -3.7% |
| SBM | 2020-01-09 | [Argentine soybeans facing tax increases \| The Western Producer](https://feedsoft.ai/events/54929-argentine-soybeans-facing-tax-increases-the-western-producer.md) | +1.1% | -2.9% |
| SBM | 2021-04-29 | [Correction continues for corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/7705-correction-continues-for-corn-soybeans-wheat-brownfield-ag-news.md) | +0.1% | -7.6% |
| SBM | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | -0.5% | -0.8% |
| SBO | 2022-08-31 | [Indonesia: Government increased the plantation fund tariffs for the exports of palm oil and its derivative products starting in November - Global Trade Alert](https://feedsoft.ai/events/15801-indonesia-government-increased-the-plantation-fund-tariffs-for-the-exports-of.md) | -0.7% | -9.7% |
| SBO | 2024-01-18 | [Export taxes: Increase on soybean products would reduce foreign currency earnings by US$2.000 billion – Universidad Austral](https://feedsoft.ai/events/13944-export-taxes-increase-on-soybean-products-would-reduce-foreign-currency.md) | -1.3% | -2.2% |
| SBO | 2024-07-11 | [Corn Was King: The Transition to Soy in U.S. Production Agriculture - Center for Commercial Agriculture](https://feedsoft.ai/events/15197-corn-was-king-the-transition-to-soy-in-u-s-production-agriculture-center-for.md) | -1.2% | -5.0% |

## Sources

- infobae.com: https://www.infobae.com/en/2022/03/19/broad-agro-industrial-rejection-of-increased-retention-of-soy-by-products-and-the-creation-of-the-wheat-fund/

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