
Economy Minister Luis Caputo said the government would eliminate agricultural export taxes if Javier Milei wins a second presidential term. He tied the proposed reforms to maintaining balanced public finances and made the pledge at a meeting with Sociedad Rural Argentina representatives and farmers.
Eliminating export taxes could raise Argentine farm returns and encourage exports, increasing potential global supply and weighing on international prices. The change is conditional on a future election and fiscal conditions, limiting its immediate effect.
After 369 past bearish policy events, Soybeans 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 (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
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.