# Markets in the morning: Oilseeds: Argentina raises

> Argentina will charge a higher duty on biodiesel from July 1. Soybean quotations rose in Chicago after the Monday holiday.

- Date: 2018-05-29 · published 2018-05-29T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/65108-markets-in-the-morning-oilseeds-argentina-raises
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A higher duty on Argentine biodiesel reduces export flows and can support soybean oil prices in global markets. The price effect is limited because the change affects only one export channel.

## Read by commodity

- SBO: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 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) | -1.3% | -0.8% |
| SBO | 2018-05-28 | [Argentina to raise biodiesel export tax to 15% as of July 1  : The Daily Digest](https://feedsoft.ai/events/65105-argentina-to-raise-biodiesel-export-tax-to-15-as-of-july-1-the-daily-digest.md) | -1.3% | -7.7% |
| SBO | 2025-02-03 | [Argentina’s meal market remains slow despite export tax cut](https://feedsoft.ai/events/13880-argentina-s-meal-market-remains-slow-despite-export-tax-cut.md) | -0.9% | +0.0% |
| SBO | 2019-02-05 | [European oilseed producers losers in EU - Argentina biodiesel settlement \| Bioenergy International](https://feedsoft.ai/events/60680-european-oilseed-producers-losers-in-eu-argentina-biodiesel-settlement.md) | +0.4% | -1.3% |
| SBO | 2017-09-28 | [Argentina's Macri forces dock workers to agree to competitive bidding](https://feedsoft.ai/events/68945-argentina-s-macri-forces-dock-workers-to-agree-to-competitive-bidding.md) | -0.1% | +3.8% |
| SOY | 2017-11-13 | [Markets in the morning: Oilseeds: US fix tariffs on](https://feedsoft.ai/events/68078-markets-in-the-morning-oilseeds-us-fix-tariffs-on.md) | +1.4% | +0.5% |
| SOY | 2023-07-25 | [Unpicking the Huge Rally in Oilseed Markets \| CZ app](https://feedsoft.ai/events/11933-unpicking-the-huge-rally-in-oilseed-markets-cz-app.md) | -5.1% | -10.1% |
| SOY | 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) | -2.9% | -5.4% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/oilseeds/news/press-review-markets-morning-oilseeds-argentina-raises-biodiesel-inches-2018

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