# Higher export taxes impact Argentina’s future soy acres | 2020-04-24  | World Grain

> A USDA Foreign Agricultural Service report expects Argentina to plant 17.5 million hectares of soybeans in 2020-21, down 500,000 hectares, as higher export taxes erode margins and farmers shift to sunflower, wheat, corn and other crops. Soybean production is pegged at 51 million tonnes, with whole bean exports projected to rise 38.5% to 9 million tonnes.

- Date: 2020-04-24 · published 2020-04-24T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/53488-higher-export-taxes-impact-argentina-s-future-soy-acres-2020-04-24-world-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher Argentine export taxes cut soybean profitability and acreage, tightening the export outlook for soybeans and meal. Reduced Argentine supply supports meal and oil prices while the shift to other crops adds some offsetting supply.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-09-25 | [U.S. grains: Soybean futures edge up as Argentina ends export tax waiver \| Farmtario](https://feedsoft.ai/events/13833-u-s-grains-soybean-futures-edge-up-as-argentina-ends-export-tax-waiver-farmtario.md) | +0.4% | +2.6% |
| SOY | 2020-12-01 | [Argentina to Tax Grain Exports \| Feed & Grain](https://feedsoft.ai/events/49492-argentina-to-tax-grain-exports-feed-and-grain.md) | -0.9% | +10.9% |
| SOY | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | +1.0% | -2.6% |
| SOY | 2020-02-29 | [Argentina's grain trade paralyzed by possible export tax increases - DatamarNews](https://feedsoft.ai/events/54443-argentina-s-grain-trade-paralyzed-by-possible-export-tax-increases-datamarnews.md) | -0.0% | -0.2% |
| 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% |
| SBM | 2020-12-01 | [Argentina to Tax Grain Exports \| Feed & Grain](https://feedsoft.ai/events/49492-argentina-to-tax-grain-exports-feed-and-grain.md) | -1.7% | +8.6% |
| SBM | 2021-02-04 | [Argentina does not rule out an increase in grains export taxes - media](https://feedsoft.ai/events/48457-argentina-does-not-rule-out-an-increase-in-grains-export-taxes-media.md) | -2.4% | -3.6% |
| SBM | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | -0.5% | -0.8% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/13599-higher-export-taxes-impact-argentinas-future-soy-acres

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