Beginning of stage 3 of the economic program with relaxation of currency restrictions and an exchange rate to float within a band

After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.

• Sep 1, 2019Measures to safeguard exchange rate stability and savers | BCRA-0.3%
• Apr 11, 2024BCRA's actions in view of the development of the economic context and liquidity conditions | BCRA+2.5%
• Feb 19, 2021Seven steps to curb deforestation and enhance forest protection: Looking beyond EU-only solutions-0.7%
• Aug 30, 2024'Uncertainty' over government decision to postpone end of exchange restrictions - Buenos Aires Herald+3.0%
• Mar 21, 2022Strengthening the EU regulation on deforestation-free products – Global Canopy+1.4%

After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.

• Jul 29, 2019Federal Register :: Renewable Fuel Standard Program: Standards for 2020 and Biomass-Based Diesel Volume for 2021, Response to the Remand of the 2016 Standards, and Other Changes-1.0%
• Jul 23, 2019EU Communication (2019) on stepping up EU action to protect and restore the world’s forests - European Commission+2.5%
• Jan 11, 2024California’s Proposed Changes to Fuels Program Presents Mixed Bag for Soybeans - American Soybean Association+0.4%
• Jun 26, 2025EUDR: Stringent rules for importers, economic operators and traders | Baker Tilly+3.0%
• Dec 29, 2025Volatile Biofuels Demand Is Reshaping the Price Relationship between Soybean and Palm Oils+0.6%

Not enough comparable past events yet for a historical read.