# Default rocks the Argentine brokers who sell soy to the world | Buenos Aires Times

> Argentine grain exporter Vicentin SAIC filed for bankruptcy on February 10 after failing to meet a US$350 million payment to suppliers, and it seeks to restructure US$1 billion in debt. Brokers including BLD SA and Guardati Torti SA then said they could not meet their obligations.

- Date: 2020-02-21 · published 2020-02-21T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/12195-default-rocks-the-argentine-brokers-who-sell-soy-to-the-world-buenos-aires-times
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Disruption at Rosario brokers that export soymeal and oil could slow Argentine export flows, tightening meal supply and supporting soymeal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-09-25 | [In Argentina’s soy stand-off, US rivals emerge as winners \| Buenos Aires Times](https://feedsoft.ai/events/50969-in-argentina-s-soy-stand-off-us-rivals-emerge-as-winners-buenos-aires-times.md) | +3.4% | +14.6% |
| SBM | 2025-06-27 | [Crop traders rush to secure Argentine cargoes as Milei perk ends \| Buenos Aires Times](https://feedsoft.ai/events/13855-crop-traders-rush-to-secure-argentine-cargoes-as-milei-perk-ends-buenos-aires.md) | +0.6% | -0.7% |
| SBM | 2019-08-16 | [China boosts Brazil soy imports as Argentina hoards crops \| Buenos Aires Times](https://feedsoft.ai/events/57429-china-boosts-brazil-soy-imports-as-argentina-hoards-crops-buenos-aires-times.md) | +0.7% | +2.2% |
| SBM | 2023-06-03 | [Viterra-Bunge deal to rescue soy giant Vicentin is now at risk \| Buenos Aires Times](https://feedsoft.ai/events/13962-viterra-bunge-deal-to-rescue-soy-giant-vicentin-is-now-at-risk-buenos-aires.md) | +0.1% | +4.0% |
| SBM | 2020-05-23 | [Soy farmers bet against peso just as government needs cash \| Buenos Aires Times](https://feedsoft.ai/events/52971-soy-farmers-bet-against-peso-just-as-government-needs-cash-buenos-aires-times.md) | -0.4% | +0.8% |
| SOY | 2019-04-24 | [Argentina trying to sell its soy bumper crop to China — MercoPress](https://feedsoft.ai/events/59434-argentina-trying-to-sell-its-soy-bumper-crop-to-china-mercopress.md) | -2.4% | -4.6% |
| SOY | 2019-03-11 | [Argentine soymeal factories take the brunt of trade war and taxes - DatamarNews](https://feedsoft.ai/events/60157-argentine-soymeal-factories-take-the-brunt-of-trade-war-and-taxes-datamarnews.md) | +2.9% | +1.7% |
| SOY | 2017-06-12 | [How the World's Farmers Went to Work for China](https://feedsoft.ai/events/70350-how-the-world-s-farmers-went-to-work-for-china.md) | -0.3% | +8.4% |

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/default-rocks-the-argentine-brokers-who-sell-soy-to-the-world.phtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.