# Soybeans bounce as Argentina suspends export registrations | Financial Post

> US soybean futures rebounded on Feb. 26 after a nine-month low earlier in the week, as traders anticipated higher Argentine export taxes. Argentina's Ministry of Agriculture suspended export registrations, and May soymeal gained $5.30 to $298.30 per ton. Corn and wheat eased on a firmer dollar and coronavirus concerns.

- Date: 2020-02-26 · published 2020-02-26T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/54444-soybeans-bounce-as-argentina-suspends-export-registrations-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected Argentine export tax increases could redirect meal and bean demand to US exports, supporting soy complex prices, while a stronger dollar and virus-related shipping worries weigh on corn and wheat.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-02 | [Soybeans Bounce as Argentina Suspends Export Registrations \| Feed & Grain](https://feedsoft.ai/events/12139-soybeans-bounce-as-argentina-suspends-export-registrations-feed-and-grain.md) | +2.6% | +2.8% |
| SOY | 2022-03-14 | [Argentina halts export registration for soy oil, meal \| Reuters](https://feedsoft.ai/events/5494-argentina-halts-export-registration-for-soy-oil-meal-reuters.md) | -1.3% | -0.1% |
| 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 | 2025-09-22 | [Argentina suspends agro-export taxes to scoop up dollars \| Reuters](https://feedsoft.ai/events/13831-argentina-suspends-agro-export-taxes-to-scoop-up-dollars-reuters.md) | -1.1% | -0.6% |
| 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 | 2020-10-02 | [Soybeans Bounce as Argentina Suspends Export Registrations \| Feed & Grain](https://feedsoft.ai/events/12139-soybeans-bounce-as-argentina-suspends-export-registrations-feed-and-grain.md) | +4.1% | +9.2% |
| SBM | 2022-03-14 | [Argentina halts export registration for soy oil, meal \| Reuters](https://feedsoft.ai/events/5494-argentina-halts-export-registration-for-soy-oil-meal-reuters.md) | -1.7% | -4.7% |
| SBM | 2021-04-26 | [Argentina's central bank blocks bankrupt soy giant from exchange markets \| Financial Post](https://feedsoft.ai/events/47433-argentina-s-central-bank-blocks-bankrupt-soy-giant-from-exchange-markets.md) | +1.2% | -4.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-bounce-as-argentina-suspends-export-registrations-2

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