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Argentina's Energy Secretariat set new minimum purchase prices for biofuels for November 2026 through Resolutions 306/2026 and 307/2026. Sugarcane and corn ethanol rose about 2%, and soybean-based biodiesel rose 2.1%.
Higher mandated biodiesel prices support domestic soybean oil demand and crush margins in Argentina. Gasoline and diesel pump prices may also tick up because blended fuels are affected.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.