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September 22, 2025: The Argentine government issued a decree suspending export taxes on soybeans, corn, wheat, and their derivatives through the end of October, or until total declared exports reached $7 billion—whichever came first.
September 24–25, 2025: The sales cap was reached in just 2–3 days, largely due to a massive wave of buying from international traders (especially China).
September 24, 2025: The Argentine ARCA fiscal agency officially announced the return of export taxes after the $7 billion quota was hit. The rate went back to the previous levels (e.g., 26% for soybeans, 24.5% for soybean oil and meal, 9.5% for corn)
September 24–25, 2025: The sales cap was reached in just 2–3 days, largely due to a massive wave of buying from international traders (especially China).
September 24, 2025: The Argentine ARCA fiscal agency officially announced the return of export taxes after the $7 billion quota was hit. The rate went back to the previous levels (e.g., 26% for soybeans, 24.5% for soybean oil and meal, 9.5% for corn)
There wasn't exactly a "huge new deal with China" (as in, it's not a new "trade agreement" ). It was, however, a large one-time sale to China, though (and other countries apparently bought some as well)
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