
Argentina's government has officially decreed a new reduction in export duties on soy, corn, wheat, barley, sorghum, sunflower and some biofuels. The decree sets a staggered schedule of cuts running to the end of 2028, with wheat and barley falling from 7.5% to 5.5%.
Lower export taxes make Argentine grain and meal more competitive abroad, which can increase export selling and pressure world meal and grain prices. The long, predictable schedule supports farmer selling over the coming years.
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.
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 122 past bearish policy events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% 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.
See the visual summary · Argentina Decrees Export Duty Cuts on Grains and Soy Through 2028