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Argentine President Javier Milei said his long-term plan is to eliminate export duties, speaking to agricultural leaders at the Sociedad Rural Argentina. He pointed to export-duty reductions already made by his administration and also said the narrowing of the exchange-rate gap had benefited the sector.
Removing export duties could encourage greater agricultural production and export flows over time, potentially weighing on global prices while supporting Argentine farmgate prices. The statement provides no timetable or immediate policy change.
sonde.arRodrigo BeltránNov 6, 2026After 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.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% 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.
