Overview

• With export duties restored near 24.5% for soy byproducts, A3 quotes fell to about US$347 for spot and roughly US$311 for new‑crop positions.
• Soy in Rosario closed at ARS 495,000 per tonne, up about 8.8% on the week despite a modest daily decline.
• Exporter coverage needs are disputed, with reports ranging from roughly 800,000 tonnes outstanding to around 6.5 million tonnes still to buy.
• Available corn remains firm near US$181 per tonne, supported by an estimated 1.8 million‑tonne gap between declared sales and purchases.
• The brief zero‑duty window triggered a rush of declarations—about 5.8 million tonnes of soy in days and roughly 19.5 million tonnes of DJVEs—while consultancies note improved grain‑to‑input purchasing power after the exchange‑rate move, such as 27% less soy needed to buy 100 liters of glyphosate.