Mercosur-EU Agreement Requires Export Duties to Be Eliminated by May 2029

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.

• Dec 15, 2021The Government reduces export duties on some agro-industrial products to zero+3.9%
• Jul 26, 2025Milei announces ‘permanent’ reduction in agricultural export duties - Buenos Aires Herald-3.7%
• Nov 28, 2017Soybean meal: lower export duties in Argentina+0.3%
• Jan 16, 2023MEPs approve Parliament/Council agreement on ‘imported deforestation’ EU regulation | AGENCE EUROPE-3.1%
• Dec 6, 2022EU agrees law preventing import of goods linked to deforestation | Reuters+1.6%

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.

• Dec 15, 2021The Government reduces export duties on some agro-industrial products to zero-3.5%
• Jul 26, 2025Milei announces ‘permanent’ reduction in agricultural export duties - Buenos Aires Herald+0.5%
• Aug 31, 2017Import duties for maize, sorghum and rye updated | AGENCE EUROPE+3.9%
• Jan 23, 2025Argentina Slashes Export Taxes to Rescue Drought-Hit Farmers - Bloomberg+1.4%
• Jun 2, 2026Argentina to Gradually Reduce Export Taxes on Ag Products-4.9%

Not enough comparable past events yet for a historical read.