
Argentina's crushers are increasingly relying on soybean imports from Paraguay, with roughly one in four tonnes crushed in the first four months of 2026 imported. Farmers are selling their harvest at the slowest pace in recent years, and analysts warned of risks from logistics costs, river conditions and Paraguayan supply availability.
Argentina's wheat sales are also slow.
Slow farmer selling tightens domestic soybean availability and forces crushers to depend on costlier imports, which supports soybean prices while leaving crushing margins under pressure.
After 696 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.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.