# Exclusive: Argentina grains trade 'paralyzed' as farmers eye FX adjustment, bean shortage

> Argentina's grains trade is largely paralyzed by a shortage of soybeans caused by drought, with farmers holding back produce in anticipation of a peso devaluation. Crushing plants and grain ports are operating far below capacity.

- Date: 2023-11-23 · published 2023-11-23T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13945-exclusive-argentina-grains-trade-paralyzed-as-farmers-eye-fx-adjustment-bean
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Withheld supply and a shortage of beans leave less soybean and meal available for export, which supports global soy and soymeal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-02-02 | [Exclusive: China buys U.S. soybeans a day after trade talks - traders](https://feedsoft.ai/events/60471-exclusive-china-buys-u-s-soybeans-a-day-after-trade-talks-traders.md) | -0.4% | -1.6% |
| SOY | 2018-01-09 | [Argentina farmers sit on beans awaiting weaker peso, lower taxes](https://feedsoft.ai/events/66850-argentina-farmers-sit-on-beans-awaiting-weaker-peso-lower-taxes.md) | +1.0% | +2.9% |
| SOY | 2019-10-18 | [China's pork shortage could give US farmers a chance to cash in](https://feedsoft.ai/events/56566-china-s-pork-shortage-could-give-us-farmers-a-chance-to-cash-in.md) | +0.2% | -3.4% |
| SOY | 2022-10-12 | [Argentine farmers' soy sales to dwindle, as elections and La Nina overshadow 2023 - Grain Price News](https://feedsoft.ai/events/14001-argentine-farmers-soy-sales-to-dwindle-as-elections-and-la-nina-overshadow-2023.md) | -0.3% | +4.9% |
| 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% |
| SBM | 2019-02-02 | [Exclusive: China buys U.S. soybeans a day after trade talks - traders](https://feedsoft.ai/events/60471-exclusive-china-buys-u-s-soybeans-a-day-after-trade-talks-traders.md) | -1.8% | -1.8% |
| SBM | 2018-01-09 | [Argentina farmers sit on beans awaiting weaker peso, lower taxes](https://feedsoft.ai/events/66850-argentina-farmers-sit-on-beans-awaiting-weaker-peso-lower-taxes.md) | +1.7% | +4.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/argentina-grains-trade-paralyzed-farmers-eye-fx-adjustment-bean-shortage-2023-11-23/

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