Key feed ingredient hits 7-year high on talk of Argentina tax hike

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.

• Dec 1, 2020Argentina to Tax Grain Exports | Feed & Grain-1.7%
• Mar 19, 2022Argentina hikes export tax on soy oil, meal to 33% to combat inflation+1.4%
• May 20, 2022Argentine President touts tax hikes to curb food inflation, lacks Congress support+1.1%
• Jun 26, 2025Argentina soy sales spike ahead of tax deadline; could stall in July-1.3%
• Aug 15, 2018Argentina: tax cuts on soy meal and soy oil exports suspended six months — MercoPress-3.0%

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.

• Dec 1, 2020Argentina to Tax Grain Exports | Feed & Grain+2.6%
• Mar 19, 2022Argentina hikes export tax on soy oil, meal to 33% to combat inflation+3.4%
• May 20, 2022Argentine President touts tax hikes to curb food inflation, lacks Congress support-0.4%
• Jun 26, 2025Argentina soy sales spike ahead of tax deadline; could stall in July+3.0%
• Aug 15, 2018Argentina: tax cuts on soy meal and soy oil exports suspended six months — MercoPress+1.8%