# Argentina IMF deal could mean reversal of Macri's grain tax cuts

> Argentina's possible IMF deal could lead to a reversal of President Macri's removal of grain export taxes on corn and wheat. Macri scrapped those levies shortly after taking office. Soy products were central to an earlier dispute with the farm sector.

- Date: 2018-09-02 · published 2018-09-02T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/62868-argentina-imf-deal-could-mean-reversal-of-macri-s-grain-tax-cuts
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Reinstated export taxes would lower farmer selling incentives and cut Argentine export flows of corn, wheat and soy products, supporting world prices for those grains.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-12-01 | [Argentina to Tax Grain Exports \| Feed & Grain](https://feedsoft.ai/events/49492-argentina-to-tax-grain-exports-feed-and-grain.md) | -0.4% | +1.4% |
| CORN | 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) | -3.1% | -3.9% |
| CORN | 2022-09-22 | [China to Cut Soybean Meal in Livestock Feed \| Feed & Grain](https://feedsoft.ai/events/39574-china-to-cut-soybean-meal-in-livestock-feed-feed-and-grain.md) | -2.8% | +1.3% |
| CORN | 2018-09-26 | [Argentina, IMF reach deal to boost financing to $57 billion \| AP News](https://feedsoft.ai/events/63332-argentina-imf-reach-deal-to-boost-financing-to-57-billion-ap-news.md) | -0.2% | -0.1% |
| CORN | 2019-12-24 | [Argentine government taxes farmers to fund spending - Grain Central](https://feedsoft.ai/events/55423-argentine-government-taxes-farmers-to-fund-spending-grain-central.md) | -0.2% | +0.6% |
| WHEAT | 2019-12-24 | [Argentine government taxes farmers to fund spending - Grain Central](https://feedsoft.ai/events/55423-argentine-government-taxes-farmers-to-fund-spending-grain-central.md) | +0.6% | +2.7% |
| WHEAT | 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) | -0.8% | +1.5% |
| WHEAT | 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) | +0.6% | +2.7% |

## Sources

- reuters.com: https://www.reuters.com/article/us-argentina-economy-analysis/argentina-imf-deal-could-mean-reversal-of-macris-grain-tax-cuts-idUSKCN1LI0O1/

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