
President Javier Milei announced at the Sociedad Rural Argentina expo a permanent reduction of export duties, lowering soybean duties from 33% to 26% and cutting rates on grains by 20% and on livestock and meat chains by 26%. He also freed restrictions on cattle sales and slaughter.
A permanent cut in Argentine soy and grain export duties lowers farm selling costs and can increase export supply, pressuring soymeal, soyoil and corn prices while boosting Argentine beef exports.
After 17 past bullish policy events, LCATTLE moved a median -0.0% over 5 sessions (47% higher; middle half -1.2% to +0.9%), and +1.0% over 20.
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.
After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
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.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Watch the 39-second version · Argentina cuts soybean export duty permanently from 33% to 26%