# Argentina’s soybean sales level is the lowest in the last 6 years

> Coninagro reported that only 34% of Argentina's soybean crop had been sold by mid-May, the lowest pace in six years and below the five-year average of 40%. In tonnes, sales were the highest of the last three years.

- Date: 2024-06-04 · published 2024-06-04T12:00:00.000Z
- Category: report · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/13920-argentina-s-soybean-sales-level-is-the-lowest-in-the-last-6-years
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Slow farmer selling leaves Argentine soybean supply tighter in the near term, supporting soybean and meal prices against competing origins.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-10-15 | [Argentina’s soybean acreage estimates lowered \| World Grain](https://feedsoft.ai/events/44399-argentina-s-soybean-acreage-estimates-lowered-world-grain.md) | +1.5% | +0.5% |
| SOY | 2018-06-29 | ["An unforgettable year for soybeans in Argentina", yields and harvested area at its lowest — MercoPress](https://feedsoft.ai/events/64372-an-unforgettable-year-for-soybeans-in-argentina-yields-and-harvested-area-at.md) | +1.5% | +1.1% |
| SOY | 2017-06-30 | [Argentina’s soybean production estimates lower in 2017-18 \| World-grain.com \| June 30, 2017 12:42 \| World Grain](https://feedsoft.ai/events/70323-argentina-s-soybean-production-estimates-lower-in-2017-18-world-grain-com-june.md) | +8.8% | +9.3% |
| SOY | 2021-03-03 | [USDA FAS lowers Argentina soybean outlook - Brownfield Ag News](https://feedsoft.ai/events/47978-usda-fas-lowers-argentina-soybean-outlook-brownfield-ag-news.md) | +1.9% | -3.3% |
| SOY | 2017-03-01 | [Argentina: Corn Areas Forecast Has Been Increased; Soybean Areas Forecast Has Been Decreased](https://feedsoft.ai/events/71851-argentina-corn-areas-forecast-has-been-increased-soybean-areas-forecast-has.md) | -1.0% | -5.2% |
| SBM | 2024-02-05 | [Argentina's 2023 soyabean crushing fell to lowest level in almost two…](https://feedsoft.ai/events/13936-argentina-s-2023-soyabean-crushing-fell-to-lowest-level-in-almost-two.md) | -2.3% | -6.8% |
| SBM | 2021-10-15 | [Argentina’s soybean acreage estimates lowered \| World Grain](https://feedsoft.ai/events/44399-argentina-s-soybean-acreage-estimates-lowered-world-grain.md) | +1.6% | +6.0% |
| SBM | 2018-06-29 | ["An unforgettable year for soybeans in Argentina", yields and harvested area at its lowest — MercoPress](https://feedsoft.ai/events/64372-an-unforgettable-year-for-soybeans-in-argentina-yields-and-harvested-area-at.md) | +2.5% | +0.4% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/argentinas-soybean-sales-level-is-the-lowest-in-the-last-6-years/

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