Argentina: New plan to reduce the export tax on soybean

After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.

• Jan 22, 2018Export Tax Relief Aids Argentina’s Soybean Trade+0.8%
• Jun 2, 2026Argentina to Gradually Reduce Export Taxes on Ag Products-5.5%
• Oct 5, 2020Argentina: Changes to the export tax applicable to soy and its derivatives (October 2020) - Global Trade Alert+4.4%
• Jul 30, 2025Argentina to resume soybean exports after official tax cut – CIARA-CEC-1.3%
• Jun 4, 2018Argentina: Argentina’s Delay of Soybean Export Tax Reduction Unlikely | USDA Foreign Agricultural Service-5.1%

After 222 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.1% to +1.2%), and -0.6% over 20.

• Jan 22, 2018Export Tax Relief Aids Argentina’s Soybean Trade+1.2%
• Jun 2, 2026Argentina to Gradually Reduce Export Taxes on Ag Products-8.7%
• Oct 5, 2020Argentina: Changes to the export tax applicable to soy and its derivatives (October 2020) - Global Trade Alert+3.9%
• Jul 30, 2025Argentina to resume soybean exports after official tax cut – CIARA-CEC+3.6%
• Jun 4, 2018Argentina: Argentina’s Delay of Soybean Export Tax Reduction Unlikely | USDA Foreign Agricultural Service-4.4%

After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.

• Jan 22, 2018Export Tax Relief Aids Argentina’s Soybean Trade+1.6%
• Oct 5, 2020Argentina: Changes to the export tax applicable to soy and its derivatives (October 2020) - Global Trade Alert+6.9%
• Jul 30, 2025Argentina to resume soybean exports after official tax cut – CIARA-CEC-2.7%
• Feb 6, 2024New Government and the Demands of the Soybean Sector in Argentina+4.8%
• Dec 5, 2022Lowered taxes to boost Argentine soyabean meal and oil exports-6.1%