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President Javier Milei reiterated at a Sociedad Rural Argentina meeting that his goal is to eliminate agricultural export taxes. He said further tax reductions would depend on maintaining a fiscal surplus and projected US$500 billion in tax relief through 2031, but announced no new cuts or timeline for ending the duties.
A future removal of export taxes could support Argentine export volumes and add to global grain and oilseed supply, weighing on prices. The pledge is conditional on fiscal surpluses and provides no date for implementation.
ruralnet.com.arRuralnetNov 7, 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.
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.
