# Caputo tied the end of export taxes to a possible second Milei term

> Economy Minister Luis Caputo said Argentina could eliminate all agricultural export taxes if Javier Milei wins a second term. He cited existing cuts and gradual reductions scheduled to begin in January 2027 for soybeans, corn, sunflower and sorghum.

- Date: 2026-11-07 · published 2026-11-08T19:35:54.873Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/87933-caputo-tied-the-end-of-export-taxes-to-a-possible-second-milei-term
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower export taxes could encourage Argentine producers to sell more abroad, increasing exportable grain supplies and weighing on global prices. The stated full elimination is conditional on a future election, so the near-term effect is limited.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-12-09 | [Milei Is Cutting Export Taxes on Argentine Soy, Corn and Wheat - Bloomberg](https://feedsoft.ai/events/13819-milei-is-cutting-export-taxes-on-argentine-soy-corn-and-wheat-bloomberg.md) | -2.0% | -3.7% |
| SOY | 2024-12-28 | [The financial problems of a major agricultural group bring to the forefront the demand for lower export taxes – Universidad Austral](https://feedsoft.ai/events/13890-the-financial-problems-of-a-major-agricultural-group-bring-to-the-forefront-the.md) | +1.3% | +6.6% |
| SOY | 2026-06-02 | [Argentina to Gradually Reduce Export Taxes on Ag Products](https://feedsoft.ai/events/13794-argentina-to-gradually-reduce-export-taxes-on-ag-products.md) | -5.5% | -5.4% |
| SOY | 2020-09-29 | [Government mulls temporary cut on some crop export taxes \| Buenos Aires Times](https://feedsoft.ai/events/50971-government-mulls-temporary-cut-on-some-crop-export-taxes-buenos-aires-times.md) | +2.5% | +9.2% |
| SOY | 2025-10-03 | [Milei’s 48-hour tariff pause spurs record surge in crop exports \| Buenos Aires Times](https://feedsoft.ai/events/13829-milei-s-48-hour-tariff-pause-spurs-record-surge-in-crop-exports-buenos-aires.md) | -0.1% | +6.6% |
| CORN | 2025-12-09 | [Milei Is Cutting Export Taxes on Argentine Soy, Corn and Wheat - Bloomberg](https://feedsoft.ai/events/13819-milei-is-cutting-export-taxes-on-argentine-soy-corn-and-wheat-bloomberg.md) | +0.1% | +0.5% |
| CORN | 2026-06-02 | [Argentina to Gradually Reduce Export Taxes on Ag Products](https://feedsoft.ai/events/13794-argentina-to-gradually-reduce-export-taxes-on-ag-products.md) | -4.9% | -8.5% |
| CORN | 2025-10-03 | [Milei’s 48-hour tariff pause spurs record surge in crop exports \| Buenos Aires Times](https://feedsoft.ai/events/13829-milei-s-48-hour-tariff-pause-spurs-record-surge-in-crop-exports-buenos-aires.md) | +0.3% | +1.2% |

## Sources

- elfederalista.com: https://elfederalista.com/2026/11/07/caputo-condiciono-el-fin-de-las-retenciones-a-un-eventual-segundo-mandato-de-milei/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.