# Argentine farmers increased forward selling of soybeans to avoid higher export taxes — MercoPress

> Argentine farmers increased forward selling of soybeans in late 2019 to avoid export taxes now in effect, according to a USDA GAIN report. Exporters had registered 5.52 million tons of forward sales by Dec. 18, against 588,000 tons a year earlier. USDA projects exports to fall from 9.1 million to 8.2 million tons, with production unchanged at 53 million tons.

- Date: 2020-01-13 · published 2020-01-13T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/54931-argentine-farmers-increased-forward-selling-of-soybeans-to-avoid-higher-export
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Front-loaded sales have tightened Argentine offers, and expected slower farmer selling leaves less whole-bean supply in the near term. Shifts in export taxes could also redirect flows toward soy products.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-01-09 | [Higher export taxes impacting Argentina farmers \| 2020-01-09  \| World Grain](https://feedsoft.ai/events/54928-higher-export-taxes-impacting-argentina-farmers-2020-01-09-world-grain.md) | -1.0% | -6.1% |
| SOY | 2024-07-28 | [President Milei renews his vow to scrap export taxes as Argentina's powerful farmers get impatient \| AP News](https://feedsoft.ai/events/13911-president-milei-renews-his-vow-to-scrap-export-taxes-as-argentina-s-powerful.md) | -4.5% | -11.6% |
| SOY | 2018-08-15 | [Argentina: tax cuts on soy meal and soy oil exports suspended six months — MercoPress](https://feedsoft.ai/events/63376-argentina-tax-cuts-on-soy-meal-and-soy-oil-exports-suspended-six-months.md) | +1.2% | -4.1% |
| SOY | 2020-07-15 | [Exclusive: Argentina farm minister says no plan to hike grains export taxes](https://feedsoft.ai/events/51947-exclusive-argentina-farm-minister-says-no-plan-to-hike-grains-export-taxes.md) | +1.6% | -0.5% |
| SOY | 2022-09-20 | [Argentina cbank tightens FX access for soy exporters, hitting peso](https://feedsoft.ai/events/39857-argentina-cbank-tightens-fx-access-for-soy-exporters-hitting-peso.md) | -3.4% | -5.2% |
| SBM | 2020-01-09 | [Higher export taxes impacting Argentina farmers \| 2020-01-09  \| World Grain](https://feedsoft.ai/events/54928-higher-export-taxes-impacting-argentina-farmers-2020-01-09-world-grain.md) | +1.1% | -2.9% |
| SBM | 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) | -0.7% | +2.8% |
| SBM | 2024-07-28 | [President Milei renews his vow to scrap export taxes as Argentina's powerful farmers get impatient \| AP News](https://feedsoft.ai/events/13911-president-milei-renews-his-vow-to-scrap-export-taxes-as-argentina-s-powerful.md) | +1.8% | -11.6% |

## Sources

- en.mercopress.com: https://en.mercopress.com/2020/01/13/argentine-farmers-increased-forward-selling-of-soybeans-to-avoid-higher-export-taxes

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