Overview
- The new rates set soybeans at 24%, soy subproducts at 22.5%, wheat and barley at 7.5%, corn and sorghum at 8.5%, and sunflower at 4.5%.
- Futures rose on the announcement — wheat up US$3.3–4 per ton, corn about US$3, and January soy to US$344.3 — while spot sales stayed thin as producers waited for the decree.
- Regional grain exchanges, the oilseed crushers’ chamber (CIARA), and farm groups publicly backed the reduction and called for broader tax relief across jurisdictions.
- Analysts said the cut offers only a modest lift to producer margins and limited short‑term impact on planting and cash prices, citing export‑parity pricing and the need for formal publication.
- Market specialists estimated theoretical gains of roughly US$2–4 per ton for wheat and corn and up to US$9–10 for soy, as the Rosario exchange noted about a 3% improvement in exporters’ buying power.