# Argentina's 2023 soyabean crushing fell to lowest level in almost two…

> Argentina's soybean crushing fell 29% in 2023 to 27 million tonnes, its lowest since 2004, according to the Rosario grains exchange (BCR). Argentine soybean output dropped 56% after a severe drought, while imports under a temporary import programme made up over 36% of crushing.

- Date: 2024-02-05 · published 2024-02-05T12:00:00.000Z
- Category: report · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/13936-argentina-s-2023-soyabean-crushing-fell-to-lowest-level-in-almost-two
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower domestic crush and record idle capacity reduce Argentine meal and oil exports, tightening supply for feed buyers and supporting soymeal prices, though imports partly offset the shortfall.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-06-04 | [Argentina’s soybean sales level is the lowest in the last 6 years](https://feedsoft.ai/events/13920-argentina-s-soybean-sales-level-is-the-lowest-in-the-last-6-years.md) | +1.8% | +0.7% |
| SBM | 2021-10-21 | [Argentina’s oilseed crushing rate forecast to drop](https://feedsoft.ai/events/44400-argentina-s-oilseed-crushing-rate-forecast-to-drop.md) | +0.4% | +11.5% |
| SBM | 2021-01-14 | [Argentine soyabean production to fall](https://feedsoft.ai/events/49004-argentine-soyabean-production-to-fall.md) | -3.0% | -5.9% |
| SBM | 2021-04-21 | [Argentina soybean output lowered to 45m mt, 2021/22 at 51.5m mt - Fastmarkets](https://feedsoft.ai/events/47429-argentina-soybean-output-lowered-to-45m-mt-2021-22-at-51-5m-mt-fastmarkets.md) | +3.5% | +0.1% |
| SBM | 2025-12-10 | [Argentina soybean exports to rise despite lower production \| Feed & Grain](https://feedsoft.ai/events/13818-argentina-soybean-exports-to-rise-despite-lower-production-feed-and-grain.md) | +1.2% | +1.0% |
| SBO | 2021-10-21 | [Argentina’s oilseed crushing rate forecast to drop](https://feedsoft.ai/events/44400-argentina-s-oilseed-crushing-rate-forecast-to-drop.md) | -1.1% | -6.0% |
| SBO | 2021-04-21 | [Argentina soybean output lowered to 45m mt, 2021/22 at 51.5m mt - Fastmarkets](https://feedsoft.ai/events/47429-argentina-soybean-output-lowered-to-45m-mt-2021-22-at-51-5m-mt-fastmarkets.md) | +8.7% | +13.3% |
| SBO | 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) | +1.1% | +6.8% |

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/argentinas-2023-soyabean-crushing-fell-to-lowest-level-in-almost-two-decades

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