# Milei Announces Permanent Export Duty Cut for Farmers: Soy Goes from 33% to 26%

> 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.

- Date: 2026-11-01 · published 2026-11-02T19:36:58.409Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/75651-milei-announces-permanent-export-duty-cut-for-farmers-soy-goes-from-33-to-26
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- WTI: neutral
- CORN: bearish ▼
- BRENT: neutral
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2026-10-02 | [US and China Unveil $30 Billion Tariff-Cut Framework for Agricultural Exports - Beijing Post](https://feedsoft.ai/events/4457-us-and-china-unveil-30-billion-tariff-cut-framework-for-agricultural-exports.md) | +0.4% | +3.3% |
| LCATTLE | 2020-02-24 | [The 2020 Outlook for U.S. Agriculture From USDA’s Chief Economist - Farm Policy News](https://feedsoft.ai/events/54630-the-2020-outlook-for-u-s-agriculture-from-usda-s-chief-economist-farm-policy.md) | -2.6% | -13.2% |
| LCATTLE | 2020-04-18 | [Trump’s farm aid bailout program, explained \| Vox](https://feedsoft.ai/events/53627-trump-s-farm-aid-bailout-program-explained-vox.md) | -6.5% | +1.0% |
| LCATTLE | 2021-08-23 | [After the Bell \| August 23, 2021 - Pro Farmer](https://feedsoft.ai/events/10058-after-the-bell-august-23-2021-pro-farmer.md) | -0.0% | +0.0% |
| LCATTLE | 2020-04-03 | [USDA announces it will revisit country of origin labeling \| The Counter](https://feedsoft.ai/events/53585-usda-announces-it-will-revisit-country-of-origin-labeling-the-counter.md) | -2.9% | -12.7% |
| SOY | 2025-07-26 | [Milei announces ‘permanent’ reduction in agricultural export duties - Buenos Aires Herald](https://feedsoft.ai/events/13848-milei-announces-permanent-reduction-in-agricultural-export-duties-buenos-aires.md) | -3.7% | +3.8% |
| SOY | 2025-08-01 | [Argentina Announced a Permanent Reduction in Export Taxes; and more news about Latin American agriculture](https://feedsoft.ai/events/13840-argentina-announced-a-permanent-reduction-in-export-taxes-and-more-news-about.md) | +1.0% | +6.9% |
| SOY | 2025-12-09 | [Milei Is Cutting Export Taxes on Argentine Soy, Corn and Wheat - Bloomberg](https://feedsoft.ai/events/13819-milei-is-cutting-export-taxes-on-argentine-soy-corn-and-wheat-bloomberg.md) | -2.0% | -3.7% |

## Sources

- avellanedaonline.com.ar: https://avellanedaonline.com.ar/novedades/milei-anuncio-una-baja-permanente-de-retenciones-al-campo-la-soja-pasa-de-33-a-26
- sanferonline.com.ar: https://sanferonline.com.ar/novedades/milei-anuncio-una-baja-permanente-de-retenciones-al-campo-la-soja-pasa-de-33-a-26
- cnbcafrica.com: https://www.cnbcafrica.com/media/7793625034770/opec-maintains-production-levels-through-december

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