Argentina's government announced temporary zero export duties on grains and byproducts, but the scheme ended after 72 hours when the US$7 billion quota under Decree 682/2025 was used up. Farm groups say the benefit went mainly to a small group of large exporters and left out small and medium producers.
Export duty changes shift when Argentine soybeans and meal are sold abroad, which affects world meal supply and export competition. The uncertainty also affects farmer selling and domestic price formation.
After 206 past neutral policy events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 553 past neutral policy events, SOY moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.