
President Javier Milei reaffirmed that eliminating export taxes is a long-term goal of his government and said further cuts would depend on public finances. Speaking to representatives of Argentina’s Rural Society, he described the agricultural sector as unfairly burdened by the taxes.
If implemented, lower export taxes could encourage Argentine grain exports, expanding global availability and potentially weighing on prices. Milei linked further cuts to fiscal surpluses, so the timing and scale remain uncertain.
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.
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.