Argentine farmers halved their soybean selling pace in October, leaving 19.4 million tonnes unsold and unpriced, about 39 percent of the 2025-26 crop. Weekly sales fell 49 percent from September as producers waited for clearer currency conditions ahead of elections, while the government set a gradual export tax cut path.
Local crushers relied heavily on imports.
Withheld Argentine soybean supply tightens the export market for beans, meal and oil, supporting prices. Any release of stored beans once currency or tax clarity improves would add pressure.
After 698 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.