# Argentina introduces corn dollar exchange campaign to ramp up foreign reserve

> Argentina added corn and malting barley to its Export Increase Program, setting a differential exchange rate of 340 pesos per dollar until August 31. The government expects to raise about $2 billion in reserves through the program, with export duties payable until November 30.

- Date: 2023-07-25 · published 2023-07-25T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/35337-argentina-introduces-corn-dollar-exchange-campaign-to-ramp-up-foreign-reserve
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The preferential rate incentivizes faster corn and barley export sales from Argentina, adding supply to world markets and pressuring corn and barley prices lower during the program window.

## Read by commodity

- CORN: bearish ▼
- BARLEY: bearish ▼
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-25 | [Argentina announces measures to boost foreign reserves \| Buenos Aires Times](https://feedsoft.ai/events/35334-argentina-announces-measures-to-boost-foreign-reserves-buenos-aires-times.md) | -13.4% | -17.1% |
| CORN | 2026-05-26 | [Argentina to Gradually Reduce Soy, Corn Taxes in Coming Years](https://feedsoft.ai/events/13795-argentina-to-gradually-reduce-soy-corn-taxes-in-coming-years.md) | -2.5% | -8.6% |
| CORN | 2024-03-25 | [Argentina FX change, return of tax to spur exports \| Latest Market News](https://feedsoft.ai/events/13931-argentina-fx-change-return-of-tax-to-spur-exports-latest-market-news.md) | -4.9% | -6.9% |
| CORN | 2026-06-02 | [Argentina to Gradually Reduce Export Taxes on Ag Products](https://feedsoft.ai/events/13794-argentina-to-gradually-reduce-export-taxes-on-ag-products.md) | -4.9% | -8.5% |
| CORN | 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) | -1.4% | -2.6% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/072523-argentina-introduces-corn-dollar-exchange-campaign-to-ramp-up-foreign-reserve

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