# Lower tax, higher tech help corn displace soya as Argentina's top crop - Markets - Business Recorder

> Argentine farmers are expected to plant a record 7.84 million hectares of corn this season, while soybean area falls to 16.40 million hectares, the lowest since 2006. The Rosario exchange forecasts a 55 million tonne corn harvest and a 49 million tonne soy crop for 2021/22. The shift is attributed to Argentina's soy export tax and the lack of a seed law for royalties on genetically modified soybeans.

- Date: 2021-08-20 · published 2021-08-20T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/45421-lower-tax-higher-tech-help-corn-displace-soya-as-argentina-s-top-crop-markets
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A smaller soy crop reduces Argentina's supply of soymeal, the world's leading export source, which supports soymeal prices for feed buyers. A larger corn crop adds exportable supply and weighs on corn prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-26 | [Supreme Court ruling, Midwest rains pressure US corn and soya - Markets - Business Recorder](https://feedsoft.ai/events/46610-supreme-court-ruling-midwest-rains-pressure-us-corn-and-soya-markets-business.md) | +5.3% | -5.8% |
| CORN | 2025-01-23 | [China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand.md) | +1.4% | +4.0% |
| CORN | 2025-10-03 | [Argentina Export Tax Shock Hits Grain Markets](https://feedsoft.ai/events/13828-argentina-export-tax-shock-hits-grain-markets.md) | +0.3% | +1.2% |
| 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% |
| 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% |
| SOY | 2024-06-07 | [Corn, soy futures rise on new Brazilian tax rule - Markets - Business Recorder](https://feedsoft.ai/events/6150-corn-soy-futures-rise-on-new-brazilian-tax-rule-markets-business-recorder.md) | -0.9% | -2.1% |
| SOY | 2021-01-05 | [Chicago soybeans near 6-1/2-year high on LatAm supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/11547-chicago-soybeans-near-6-1-2-year-high-on-latam-supply-concerns-markets-business.md) | +4.4% | +2.9% |
| SOY | 2025-06-28 | [Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald](https://feedsoft.ai/events/13853-argentina-reinstates-higher-export-duties-for-soybeans-and-corn-buenos-aires.md) | +0.4% | -3.8% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40114562

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