# Argentina Soybean Sales Stall in June as Currency Gap Widens

> Argentine farmers' soybean sales to commercial buyers stalled in June, falling 45% from May to about 3.8 million metric tons, according to the CIARA-CEC crushing chamber. Farmers held back stocks as the informal exchange rate diverged sharply from the official rate, penalizing exporters who sell at the official rate.

- Date: 2024-07-01 · published 2024-07-01T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13910-argentina-soybean-sales-stall-in-june-as-currency-gap-widens
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Reduced Argentine soybean supplies to crushers point to lower soyoil and soymeal exports, which tightens global meal supply and supports meal prices. Hoarding by farmers keeps physical availability low in the near term.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-11-17 | [Argentina soybean sales stall near 72% of current harvest](https://feedsoft.ai/events/13996-argentina-soybean-sales-stall-near-72-of-current-harvest.md) | +0.5% | +3.1% |
| SOY | 2024-06-29 | [Argentina soybean sales stall in June - Markets - Business Recorder](https://feedsoft.ai/events/13915-argentina-soybean-sales-stall-in-june-markets-business-recorder.md) | +2.1% | -8.3% |
| SOY | 2019-04-03 | [Farmers delay pricing soy in Argentina trade-currency wager](https://feedsoft.ai/events/59634-farmers-delay-pricing-soy-in-argentina-trade-currency-wager.md) | -0.1% | -6.7% |
| SOY | 2022-10-19 | [Argentina weekly soybean sales slow 19.10.2022 - UkrAgroConsult](https://feedsoft.ai/events/14003-argentina-weekly-soybean-sales-slow-19-10-2022-ukragroconsult.md) | +0.7% | +6.2% |
| SOY | 2018-12-05 | [Argentina soybean imports soaring \| 2018-12-05  \| World Grain](https://feedsoft.ai/events/61426-argentina-soybean-imports-soaring-2018-12-05-world-grain.md) | +0.9% | -0.2% |
| SBM | 2022-11-17 | [Argentina soybean sales stall near 72% of current harvest](https://feedsoft.ai/events/13996-argentina-soybean-sales-stall-near-72-of-current-harvest.md) | -0.3% | +10.7% |
| SBM | 2024-06-29 | [Argentina soybean sales stall in June - Markets - Business Recorder](https://feedsoft.ai/events/13915-argentina-soybean-sales-stall-in-june-markets-business-recorder.md) | +3.5% | -2.1% |
| SBM | 2019-04-03 | [Farmers delay pricing soy in Argentina trade-currency wager](https://feedsoft.ai/events/59634-farmers-delay-pricing-soy-in-argentina-trade-currency-wager.md) | -0.5% | -4.7% |

## Sources

- agriculture.com: https://www.agriculture.com/argentina-soybean-sales-stall-in-june-as-currency-gap-widens-8672216

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