## Company Profile SERLOG SERVICIOS LOGISTICOS SA — Argentina-based freight forwarder and logistics services firm (website: https://serlogsa.com/). Publicly available information is limited. Listed contact is Rodolfo Mazzoni, Business Development. As a Buenos Aires/Argentina forwarder they provide export/import logistics, customs clearance, and freight forwarding for exporters and importers across ocean (container and bulk) and inland (truck/barge) modes. Scale is not disclosed on public sources; profile and job title suggest a mid-sized local forwarder focusing on agricultural exporters and general cargo clients operating on ECSA (East Coast South America) trade lanes. ## Pain Points 1) Capacity and schedule risk at Buenos Aires / Paraná terminals during 2026 harvest peaks (record wheat + strong corn exports) — leads to port congestion, demurrage, rolled cargo and service unreliability for exporters. 2) Export tax (retenciones) volatility and fiscal policy reversals are causing timing, pricing and hedging uncertainty for soybean/corn/meal exporters; exporters delay sales or scramble for buyers when duties change. 3) Container/equipment imbalances and spot volatility on ECSA–Asia/Europe lanes (space shortages, repositioning costs) make it difficult for forwarders to promise reliable CIF/CFR delivery windows to buyers — exporters increasingly prioritize supply‑chain certainty over lowest spot price. ## Intel Summary === MULTI-DIMENSION RESEARCH === === COMMODITY TRENDS (SOYBEANS, CORN, WHEAT) === **Overall framing** - 2025/26 is a rebound/expansion phase for Argentina’s grains after prior droughts, helped by record wheat output, solid corn, and moderate soy recovery. Export taxes have been reduced versus pre‑2025 levels, so FOB competitiveness improves, but output and tax policy are both in flux for 2026/27. ([feedandgrain.com](https://www.feedandgrain.com/business-markets/commodities/news/15819708/argentina-wheat-exports-surge-to-record-195-million-tons-as-global-trade-rebounds?utm_source=openai)) #### Wheat - USDA ERS Wheat Outlook (March 2026) projects Argentina’s **2025/26 wheat exports at a record 19.5 MMT**, up **+8.6 MMT year‑on‑year** from 2024/25, on the back of a “record‑large crop.” That would place Argentina as a leading incremental supplier in global trade. ([feedandgrain.com](https://www.feedandgrain.com/business-markets/commodities/news/15819708/argentina-wheat-exports-surge-to-record-195-million-tons-as-global-trade-rebounds?utm_source=openai)) - FAS Buenos Aires (April 2026) expects **2026/27 wheat production to fall ~25% from the record 2025/26 harvest**, with yields back toward the 8‑year average. Even with that drop, **export volumes would still be among the top three on record**, implying exports likely still in the mid‑teens MMT. ([world-grain.com](https://www.world-grain.com/articles/22675-argentinas-2026-27-wheat-production-to-drop-from-record-highs?utm_source=openai)) **Price environment / competitiveness** - With the record 2025/26 crop and lower export taxes on wheat (9.5% vs 12% previously), Argentina is expected to be an aggressive price maker into Africa, Brazil and Asia; USDA notes Argentina is “leading the surge in shipments” in 2025/26 as global wheat trade rebounds. ([feedandgrain.com](https://www.feedandgrain.com/business-markets/commodities/news/15819708/argentina-wheat-exports-surge-to-record-195-million-tons-as-global-trade-rebounds?utm_source=openai)) #### Corn - USDA FAS world production report (Feb 2025) placed **Argentina 2024/25 corn production at 50.0 MMT**, with area at 6.4 Mha (‑9% y/y). ([fas.usda.gov](https://www.fas.usda.gov/sites/default/files/2025-02/production.pdf?utm_source=openai)) - In USDA’s global 2025/26 outlook, Argentina is projected to export **37 MMT of corn**, making it the **#2 or #3 exporter** after the US and Brazil (US 84.8, Brazil 43, Argentina 37, Ukraine 22 MMT). ([3tres3.com](https://www.3tres3.com/en-af/print/515?utm_source=openai)) - S&P Global, summarizing FAS data in mid‑2025, highlighted that with lower export duties, **MY 2025/26 Argentine corn exports are projected at 37 MMT, up about 7.25% y/y**, as reduced taxes lift producer margins and exportable surplus. ([spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/072825-argentinas-new-export-duties-offer-relief-to-agricultural-supplies-sources?utm_source=openai)) **Corn price level** (directional, not Argentina‑specific FOB numbers): - The March 2026 WASDE keeps global 2025/26 corn ending stocks “comfortable,” with record U.S. output, which caps world prices despite Argentina’s tax cuts. FOB Up‑River (Argentina) tends to trade at a discount to U.S. Gulf; the tax reduction (12% → 9.5%) effectively improves net farmgate realization by ~3 percentage points of the FOB value. ([agriculture.com](https://www.agriculture.com/march-usda-wasde-report-11921080?utm_source=openai)) #### Soybeans (beans, meal, oil) - FAS (Feb 2025) and subsequent USDA commentary indicate **Argentina 2024/25 soybean production around 48.5 MMT**, down ~2.6 MMT y/y, with **domestic crushing expected to slow** as more whole beans are exported. ([fas.usda.gov](https://www.fas.usda.gov/sites/default/files/2025-02/production.pdf?utm_source=openai)) - A December USDA oilseeds update summarized in industry press expects **2025/26 soybean exports to rise** despite lower production, while **soybean meal and oil exports fall slightly** from 2024/25, due to tighter bean availability for crushers. ([feedandgrain.com](https://www.feedandgrain.com/grain-supply-chain/grain-trade-export/news/15773882/argentina-soybean-exports-to-rise-despite-lower-production?utm_source=openai)) - S&P Global/USDA FAS data show **2025/26 soybean exports at about 5 MMT**, **down >18% y/y** vs 2024/25, but this is beans only and masks the still‑large crush and product exports; overall Argentina remains a top meal/oil exporter. ([spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/072825-argentinas-new-export-duties-offer-relief-to-agricultural-supplies-sources?utm_source=openai)) **Tax‑driven price competitiveness** - Export duties on soybeans were cut from **33% to 26%**, and soybean by‑products (meal/oil) from **31% to 24.5%**, effective Jan 27, 2025. That translates into a ~7 percentage‑point improvement in farmgate/recovery versus FOB for beans and ~6.5 points for products. ([fas.usda.gov](https://www.fas.usda.gov/data/argentina-argentina-slashes-export-taxes-amid-economic-pressures-sparking-hope-argentine?utm_source=openai)) - Even after reductions, Argentina’s tax wedge remains significantly higher than Brazil’s (0% on grains), so Argentina’s export prices must still trend slightly below Brazil/US to clear the market, but the gap has narrowed since 2023–24. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Economy_of_Argentina?utm_source=openai)) #### 2026 outlook by commodity (directional) - **Wheat (2026/27)**: Volumes down ~25% from the record 2025/26 crop but still “top‑three on record”; expect exports to normalize in the mid‑teens MMT, with Argentina still a key global supplier. ([world-grain.com](https://www.world-grain.com/articles/22675-argentinas-2026-27-wheat-production-to-drop-from-record-highs?utm_source=openai)) - **Corn (2025/26–2026/27)**: Exports near **37 MMT** in 2025/26 if weather cooperates; policy risk around export duties is lower than before given Milei’s stated strategy of gradual tax reduction and extension of the 9.5% wheat/barley rate to March 2026, suggesting similar stability for corn. ([spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/072825-argentinas-new-export-duties-offer-relief-to-agricultural-supplies-sources?utm_source=openai)) - **Soybeans**: Bean exports likely to remain constrained relative to Brazil/US, with crush and product exports (meal/oil) the main driver. Lower export duties marginally support crush margins but the structural limitation remains lower production versus Brazil and high domestic capacity utilization. ([feedandgrain.com](https://www.feedandgrain.com/grain-supply-chain/grain-trade-export/news/15773882/argentina-soybean-exports-to-rise-despite-lower-production?utm_source=openai)) **Sources (Commodity trends)**: ([feedandgrain.com](https://www.feedandgrain.com/business-markets/commodities/news/15819708/argentina-wheat-exports-surge-to-record-195-million-tons-as-global-trade-rebounds?utm_source=openai)) === MARKET EVENTS (EXPORT TAXES / TRADE POLICY “RETENCIONES”) === #### Key recent moves (2025–2026 policy timeline) 1. **January 27, 2025 – broad tax cuts take effect** - Government decree cuts export duties on major agricultural commodities: - **Soybeans: 33% → 26%** - **Soybean derivatives: 31% → 24.5%** - **Corn & barley & wheat: 12% → 9.5%** - **Sorghum: 12% → 9.5%** - **Sunflower: 7% → 5.5%** ([fas.usda.gov](https://www.fas.usda.gov/data/argentina-argentina-slashes-export-taxes-amid-economic-pressures-sparking-hope-argentine?utm_source=openai)) - USDA FAS notes this is framed as a response to economic pressures, intended to “spark hope” and investment in the farm sector. ([fas.usda.gov](https://www.fas.usda.gov/data/argentina-argentina-slashes-export-taxes-amid-economic-pressures-sparking-hope-argentine?utm_source=openai)) 2. **July 26, 2025 – Palermo Rural Exhibition announcement** - President Milei publicly confirms the above reductions as part of a long‑term path to eliminate retenciones, calling them a “gran flagelo” and pledging continued tax cuts “mientras yo sea gobierno.” ([elpais.com](https://elpais.com/argentina/2025-07-26/milei-anuncia-una-reduccion-de-las-retenciones-a-las-exportaciones-agropecuarias.html?utm_source=openai)) 3. **Mid‑2025 – partial reversal for soy and corn; stability for wheat/barley** - Facing fiscal stress, the Economy Ministry **reinstates higher export duties for soybeans and corn**, bringing them back up toward **January 2025 levels** from July 1, 2025. - Crucially, **wheat and barley export duties are held at 9.5% through March 31, 2026** by decree, and this extension was again confirmed in a FAS Buenos Aires voluntary report (May 20, 2025). ([buenosairesherald.com](https://buenosairesherald.com/business/agro/argentina-reinstates-higher-export-duties-for-soybeans-and-corn?utm_source=openai)) 4. **2026 budget / policy stance** - Recent syntheses of Milei’s reforms note that, although many duties were cut in 2024–25, the **2026 budget signals a pause on further big reductions until exchange‑rate stabilization and fiscal consolidation are more secure**. The policy line is: keep lower rates where already granted (e.g., wheat/barley at 9.5%) but avoid new sweeping cuts in 2026. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Economy_of_Argentina?utm_source=openai)) #### Current indicative export duty levels into early 2026 Based on the above legal acts and updates, as of Q2 2026 the picture is: - **Wheat & barley**: **9.5%** export duty, extended through **31 March 2026**; no new decree yet published to either extend, cut, or restore the previous 12% level beyond that date, so stakeholders are operating on the assumption of at least short‑term continuity. ([apps.fas.usda.gov](https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Argentine+Government+Extends+the+Partial+Lowering+of+Export+Taxes+on+Wheat+and+Barley+through+March+2026_Buenos+Aires_Argentina_AR2025-0010.pdf&utm_source=openai)) - **Corn**: After the mid‑2025 reinstatement, corn duties are effectively back to **~12%** (their pre‑Jan‑2025 rate); S&P/press still often refer to the 9.5% cut because it was seen as “permanent,” but the Economy Ministry’s July 2025 decree rolled that back. (Market commentary flags this as a major source of policy risk and planning uncertainty for exporters.) ([spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/072825-argentinas-new-export-duties-offer-relief-to-agricultural-supplies-sources?utm_source=openai)) - **Soybeans & by‑products**: - Initial cut: **33% → 26% (beans)** and **31% → 24.5% (meal/oil)** in Jan 2025. ([fas.usda.gov](https://www.fas.usda.gov/data/argentina-argentina-slashes-export-taxes-amid-economic-pressures-sparking-hope-argentine?utm_source=openai)) - From July 1, 2025 those reductions were partially reversed, with rates “restored to their January values,” i.e., moving back toward **33% and 31%**, though some reports suggest transitional formulas and exceptions for forward‑priced sales. ([buenosairesherald.com](https://buenosairesherald.com/business/agro/argentina-reinstates-higher-export-duties-for-soybeans-and-corn?utm_source=openai)) #### Trade & farmer impact - **Farmer margins**: The January 2025 cuts improved net returns by 5–7 percentage points of FOB, boosting forward selling and input purchases for 2025/26 planting. Industry sources estimated producer margins on corn up 5–8 USD/ton vs a pure 12% duty scenario at prevailing late‑2025 FOB prices. ([spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/072825-argentinas-new-export-duties-offer-relief-to-agricultural-supplies-sources?utm_source=openai)) - **Policy volatility**: The rapid sequence – cut duties (Jan 2025), signal permanence (July 2025), partially reinstate (mid‑2025), selectively extend lower wheat/barley rates through March 2026 – has reinforced Argentina’s reputation for **policy risk in export taxation**, raising required risk premiums in FOB offers and complicating hedging strategies. ([buenosairesherald.com](https://buenosairesherald.com/business/agro/argentina-reinstates-higher-export-duties-for-soybeans-and-corn?utm_source=openai)) - **Currency controls & tax interaction**: Milei has simultaneously **eased the “cepo cambiario” (FX controls)**, which modestly reduces the dual‑exchange‑rate distortion that previously compounded the impact of export taxes (farmers forced to liquidate at an official rate). Even with lower duties, however, Argentina still has a higher combined tax/FX wedge than Brazil. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Shock_therapy_%28economics%29?utm_source=openai)) **Forward‑looking considerations for 2026** - The administration’s narrative is **eventual elimination of retenciones** conditional on achieving an ~USD 8 bn fiscal surplus and exchange‑rate stability; until then, **incremental cuts are likely to be tactical and reversible**, as seen in 2025’s mid‑year rollback. ([reddit.com](https://www.reddit.com/r/worldnews/comments/1i9v1gc?utm_source=openai)) - For risk assessment into the 2026/27 marketing year, most analysts assume: - Wheat/barley stay at or below 9.5% - Corn stays around 12% (with downside tax‑cut optionality if fiscal space opens) - Soybeans/meal/oil remain the main revenue lever, with duties around 30% unless there is a major new reform. ([buenosairesherald.com](https://buenosairesherald.com/business/agro/argentina-reinstates-higher-export-duties-for-soybeans-and-corn?utm_source=openai)) **Sources (Market events / export taxes)**: ([fas.usda.gov](https://www.fas.usda.gov/data/argentina-argentina-slashes-export-taxes-amid-economic-pressures-sparking-hope-argentine?utm_source=openai)) === PROBLEM FRAMING: FREIGHT & LOGISTICS (BUENOS AIRES / ARGENTINA – 2026) === *There are few Argentina‑specific 2026 logistics reports; much of the detail comes from global freight outlooks plus 2025 Argentine port/shipping commentary. I’ll frame the problem with an Argentina‑to‑Asia/Europe grain shipper lens.* #### Port & hinterland constraints - The greater Buenos Aires area (Buenos Aires, Dock Sud, and upriver Rosario cluster) continues to face structural constraints: draft limitations on the Paraná River, road congestion at harvest peaks, and limited intermodal rail alternatives. These factors were repeatedly cited in 2024–25 port performance assessments and remain largely unresolved into 2026. ([fas.usda.gov](https://www.fas.usda.gov/sites/default/files/2025-02/production.pdf?utm_source=openai)) - USDA and industry reports note that the **record 2025/26 wheat crop and strong corn exports are pushing more volume through the same constrained terminals**, increasing sensitivity to any disruption (labor actions, dredging delays, barge bottlenecks). ([feedandgrain.com](https://www.feedandgrain.com/business-markets/commodities/news/15819708/argentina-wheat-exports-surge-to-record-195-million-tons-as-global-trade-rebounds?utm_source=openai)) #### Containerized exports (to Asia / Europe) - S&P Global’s **2026 ocean freight outlook** highlights that global container markets in 2026 are characterized by: - Softer average **base rates** versus 2021–22 peaks but - Ongoing **volatility** due to port congestion pockets, geopolitical rerouting, and environmental rules. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - While not Argentina‑specific, lane‑level outlooks for **East Coast South America–Asia/Europe** indicate: - Rates in early 2026 are **well below crisis highs**, but **above 2019 pre‑COVID floors**. - Shippers face **GRIs (general rate increases)** layered on bunker surcharges, especially when Middle East choke points raise fuel costs. ([reddit.com](https://www.reddit.com/r/zim/comments/1po8m4n/freightos_weekly_update_december_16_2025_excerpts/?utm_source=openai)) - Recent Freightos snapshots (April 28, 2026) show: - **Asia–US West Coast** around **USD 1,900–2,000/FEU**, - **Asia–US East Coast** around **USD 3,100–3,200/FEU**, - **Asia–Europe** easing to the mid‑USD 2,000s–3,000s/FEU; South America legs usually trade at a **premium vs Asia–Europe trunk**, implying **ECSA–Asia/Europe containers in the USD 3,000–4,000/FEU band** depending on season and surcharges. (This is an inference from relative spreads, not a directly quoted Argentina rate.) ([reddit.com](https://www.reddit.com/r/zim/comments/1sy97nu/freightos_weekly_update_april_28_2026_excerpts/?utm_source=openai)) **Operational problems for Argentine agri‑exporters (containers)** - **Equipment positioning**: Argentina is structurally imbalanced (more imports of consumer/industrial goods in boxes than exports of containerized agri‑products), which can create **localized container shortages at interior depots** at harvest peaks. Forward booking and long‑term contracts with carriers or NVOCCs are increasingly critical for soymeal / specialty crop shippers. (Inferred from global outlooks combined with Argentina’s trade structure.) ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - **Schedule reliability**: S&P Global stresses that **“supply chain certainty, rather than price, will shape shipping in 2026”**, with carriers managing capacity tightly. For Argentine exporters of time‑sensitive, identity‑preserved or chilled cargo, **service reliability and guaranteed space are often prioritized over chasing the lowest spot rate**. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/01/supply-chain-certainty-rather-than-price-will-shape-shipping-in-2026?utm_source=openai)) #### Bulk grains/oilseeds (handy/panamax/capesize) - Most soy, corn, and wheat to **Asia/Europe move in bulk**, not containers. Global bulk freight in 2026 benefits from: - A moderately strong demand outlook from Asia, - Some fleet growth, - But **environmental regulations (EEXI, CII, fuel standards)** tightening effective capacity and supporting rates. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - For typical **ECSA–China panamax** shipments, 2026 assessments suggest **time‑charter equivalent rates in the low‑ to mid‑teens USD/ton** depending on season and routing, compared with single‑digit lows in 2020 and >USD 30/ton during 2021–22 spikes. (Directional inference based on global bulk indices used in S&P commentary.) ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) **What this means for an Argentina‑based shipper in 2026** 1. **Cost level** - Expect **freight costs to Asia/Europe to be materially lower than during the 2021–22 crisis**, but likely **10–30% above 2018–19 averages**, with episodes of rate spikes around GRIs, fuel shocks, or congestion. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) 2. **Risk factors / problem framing** - **Port congestion risk**: High‑volume export months (wheat: Nov–Mar; corn: Mar–Aug; soy: Apr–Jun) push channel capacity; labor disputes or dredging issues in the Paraná corridor can quickly translate into **line‑ups, demurrage, and rolled cargo**. - **Carrier behavior**: Consolidated carrier alliances can blank sailings or re‑allocate tonnage away from ECSA if returns look better on other trades, raising the risk of **space shortages to Asia/Europe** in some weeks even when global capacity is ample. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - **Regulatory & tax uncertainty**: Exporters must manage **basis and timing risk** around retenciones and FX rules (e.g., selling windows tied to official vs free market rates), which can affect when cargo is ready for shipment and interact poorly with volatile freight windows. ([buenosairesherald.com](https://buenosairesherald.com/business/agro/argentina-reinstates-higher-export-duties-for-soybeans-and-corn?utm_source=openai)) 3. **Mitigation strategies commonly advised in 2026** - **Multi‑carrier, multi‑port strategies**: Use a mix of Buenos Aires, Dock Sud, and upriver terminals; diversify between a few core carriers and NVOs instead of relying on a single line. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - **Longer‑term or index‑linked contracts**: Lock in capacity and rate formulas for 6–12 months tied to indices (e.g., FBX / Baltic) to reduce exposure to week‑to‑week spikes. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - **Improved supply‑chain visibility**: S&P Global emphasizes forecasting and scenario‑planning tools in 2026 (multiple freight scenarios vs one “base case”), particularly important for exporters that sell on CIF/Delivered terms into Asia and Europe. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) **Sources (Freight & logistics)**: ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) Sources: • Argentina wheat exports surge to record 19.5 million tons as global trade rebounds | Feed & Grain https://www.feedandgrain.com/business-markets/commodities/news/15819708/argentina-wheat-exports-surge-to-record-195-million-tons-as-global-trade-rebounds?utm_source=openai • Argentina wheat exports surge to record 19.5 million tons as global trade rebounds | Feed & Grain https://www.feedandgrain.com/business-markets/commodities/news/15819708/argentina-wheat-exports-surge-to-record-195-million-tons-as-global-trade-rebounds?utm_source=openai • Argentina’s 2026-27 wheat production to drop from record highs | World Grain https://www.world-grain.com/articles/22675-argentinas-2026-27-wheat-production-to-drop-from-record-highs?utm_source=openai • Argentina wheat exports surge to record 19.5 million tons as global trade rebounds | Feed & Grain https://www.feedandgrain.com/business-markets/commodities/news/15819708/argentina-wheat-exports-surge-to-record-195-million-tons-as-global-trade-rebounds?utm_source=openai • World Agricultural https://www.fas.usda.gov/sites/default/files/2025-02/production.pdf?utm_source=openai • Print layout of article Corn and soybean: projections for the 2025/26 campaign USDA - Mar 2026 https://www.3tres3.com/en-af/print/515?utm_source=openai • Argentina's new export duties offer relief to agricultural supplies: sources | S&P Global https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/072825-argentinas-new-export-duties-offer-relief-to-agricultural-supplies-sources?utm_source=openai • USDA March WASDE Holds U.S. Ending Stocks Steady, Cuts Argentina Output https://www.agriculture.com/march-usda-wasde-report-11921080?utm_source=openai • World Agricultural https://www.fas.usda.gov/sites/default/files/2025-02/production.pdf?utm_source=openai • Argentina soybean exports to rise despite lower production | Feed & Grain https://www.feedandgrain.com/grain-supply-chain/grain-trade-export/news/15773882/argentina-soybean-exports-to-rise-despite-lower-production?utm_source=openai • Argentina's new export duties offer relief to agricultural supplies: sources | S&P Global https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/072825-argentinas-new-export-duties-offer-relief-to-agricultural-supplies-sources?utm_source=openai • Argentina: Argentina Slashes Export Taxes Amid Economic Pressures - Sparking Hope for Argentine Farmers | USDA Foreign Agricultural Service https://www.fas.usda.gov/data/argentina-argentina-slashes-export-taxes-amid-economic-pressures-sparking-hope-argentine?utm_source=openai • Economy of Argentina https://en.wikipedia.org/wiki/Economy_of_Argentina?utm_source=openai • Argentina’s 2026-27 wheat production to drop from record highs | World Grain https://www.world-grain.com/articles/22675-argentinas-2026-27-wheat-production-to-drop-from-record-highs?utm_source=openai • Argentina's new export duties offer relief to agricultural supplies: sources | S&P Global https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/072825-argentinas-new-export-duties-offer-relief-to-agricultural-supplies-sources?utm_source=openai • Argentina soybean exports to rise despite lower production | Feed & Grain https://www.feedandgrain.com/grain-supply-chain/grain-trade-export/news/15773882/argentina-soybean-exports-to-rise-despite-lower-production?utm_source=openai • Argentina wheat exports surge to record 19.5 million tons as global trade rebounds | Feed & Grain https://www.feedandgrain.com/business-markets/commodities/news/15819708/argentina-wheat-exports-surge-to-record-195-million-tons-as-global-trade-rebounds?utm_source=openai • Argentina: Argentina Slashes Export Taxes Amid Economic Pressures - Sparking Hope for Argentine Farmers | USDA Foreign Agricultural Service https://www.fas.usda.gov/data/argentina-argentina-slashes-export-taxes-amid-economic-pressures-sparking-hope-argentine?utm_source=openai • Argentina: Argentina Slashes Export Taxes Amid Economic Pressures - Sparking Hope for Argentine Farmers | USDA Foreign Agricultural Service https://www.fas.usda.gov/data/argentina-argentina-slashes-export-taxes-amid-economic-pressures-sparking-hope-argentine?utm_source=openai • Milei anuncia una reducción de las retenciones a las exportaciones agropecuarias https://elpais.com/argentina/2025-07-26/milei-anuncia-una-reduccion-de-las-retenciones-a-las-exportaciones-agropecuarias.html?utm_source=openai • Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald https://buenosairesherald.com/business/agro/argentina-reinstates-higher-export-duties-for-soybeans-and-corn?utm_source=openai • Economy of Argentina https://en.wikipedia.org/wiki/Economy_of_Argentina?utm_source=openai • Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald https://buenosairesherald.com/business/agro/argentina-reinstates-higher-export-duties-for-soybeans-and-corn?utm_source=openai • Argentina: Argentina Slashes Export Taxes Amid Economic Pressures - Sparking Hope for Argentine Farmers | USDA Foreign Agricultural Service https://www.fas.usda.gov/data/argentina-argentina-slashes-export-taxes-amid-economic-pressures-sparking-hope-argentine?utm_source=openai • Argentina's new export duties offer relief to agricultural supplies: sources | S&P Global https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/072825-argentinas-new-export-duties-offer-relief-to-agricultural-supplies-sources?utm_source=openai • Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald https://buenosairesherald.com/business/agro/argentina-reinstates-higher-export-duties-for-soybeans-and-corn?utm_source=openai • Argentina's new export duties offer relief to agricultural supplies: sources | S&P Global https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/072825-argentinas-new-export-duties-offer-relief-to-agricultural-supplies-sources?utm_source=openai • Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald https://buenosairesherald.com/business/agro/argentina-reinstates-higher-export-duties-for-soybeans-and-corn?utm_source=openai • Shock therapy (economics) https://en.wikipedia.org/wiki/Shock_therapy_%28economics%29?utm_source=openai • Argentina to lower agricultural export duties https://www.reddit.com/r/worldnews/comments/1i9v1gc?utm_source=openai • Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald https://buenosairesherald.com/business/agro/argentina-reinstates-higher-export-duties-for-soybeans-and-corn?utm_source=openai • Argentina: Argentina Slashes Export Taxes Amid Economic Pressures - Sparking Hope for Argentine Farmers | USDA Foreign Agricultural Service https://www.fas.usda.gov/data/argentina-argentina-slashes-export-taxes-amid-economic-pressures-sparking-hope-argentine?utm_source=openai • World Agricultural https://www.fas.usda.gov/sites/default/files/2025-02/production.pdf?utm_source=openai • Argentina wheat exports surge to record 19.5 million tons as global trade rebounds | Feed & Grain https://www.feedandgrain.com/business-markets/commodities/news/15819708/argentina-wheat-exports-surge-to-record-195-million-tons-as-global-trade-rebounds?utm_source=openai