# Argentina to Plant Lowest Soybean Acreage in 15 Years

> Argentine farmers are planting the smallest soybean area in 15 years, with soybean hectares falling while Brazil's expand. Export taxes of 33% on soybeans and 31% on meal and oil, compared with 12% on corn, make soybeans less profitable than corn. Political uncertainty over future export measures also weighs on planting decisions.

- Date: 2021-11-01 · published 2021-11-01T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14071-argentina-to-plant-lowest-soybean-acreage-in-15-years
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A shrinking Argentine soybean area reduces the country's share of global meal and oil exports, which are a major supply source for feed buyers. That tightens the soy complex and supports prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 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) | -1.0% | -6.1% |
| SOY | 2025-07-09 | [Corn vs Soy: Argentina’s Farmers Weigh Taxes, Margins in Planting Plans](https://feedsoft.ai/events/13847-corn-vs-soy-argentina-s-farmers-weigh-taxes-margins-in-planting-plans.md) | -2.9% | -5.4% |
| SOY | 2022-12-05 | [Lowered taxes to boost Argentine soyabean meal and oil exports](https://feedsoft.ai/events/13993-lowered-taxes-to-boost-argentine-soyabean-meal-and-oil-exports.md) | +3.1% | +3.4% |
| SOY | 2023-04-20 | [China Farm Official Expects Little Growth in Soybean Planting This Year - Pork Business](https://feedsoft.ai/events/36387-china-farm-official-expects-little-growth-in-soybean-planting-this-year-pork.md) | -4.7% | -11.3% |
| SOY | 2021-01-05 | [Corn, soybean futures rally on low supply, Argentina export ban - Fastmarkets](https://feedsoft.ai/events/11543-corn-soybean-futures-rally-on-low-supply-argentina-export-ban-fastmarkets.md) | +4.4% | +2.9% |
| SBM | 2023-03-24 | [Soybean Oil Prices in South America Hit Two-Year Low](https://feedsoft.ai/events/36961-soybean-oil-prices-in-south-america-hit-two-year-low.md) | +3.2% | +1.1% |
| 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 | 2022-03-20 | [Argentina raises export duties on soybean oil and flour from 31 to 33% - Infobae](https://feedsoft.ai/events/14049-argentina-raises-export-duties-on-soybean-oil-and-flour-from-31-to-33-infobae.md) | +1.4% | -3.3% |

## Sources

- soybeansandcorn.com: https://www.soybeansandcorn.com/articles/8991/?page=1

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