# November 11th - Soyabean crushing in Argentina - Antares Ship Agents

> Argentina's crushing industry is at its lowest activity level of the century because of drought-related soybean shortages. Only 1.9 million tonnes were crushed in September, and the crush is not expected to restart until imported beans arrive in February 2024.

- Date: 2023-11-10 · published 2023-11-10T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13950-november-11th-soyabean-crushing-in-argentina-antares-ship-agents
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Idle crushing plants cut soymeal and soyoil output, tightening global supply and supporting soy product prices until imports arrive.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-03-21 | [Argentine Soybean Crushers in “Crisis Mode”](https://feedsoft.ai/events/13977-argentine-soybean-crushers-in-crisis-mode.md) | -2.9% | +2.2% |
| SOY | 2023-04-19 | [Soybean and soybean oil prices are rising amid another cut in Argentina’s crop forecasts](https://feedsoft.ai/events/36470-soybean-and-soybean-oil-prices-are-rising-amid-another-cut-in-argentina-s-crop.md) | -4.9% | -10.2% |
| SOY | 2018-01-04 | [Argentina's Soybean Planting Pace Is Slowest in History](https://feedsoft.ai/events/66853-argentina-s-soybean-planting-pace-is-slowest-in-history.md) | -1.3% | +2.6% |
| SOY | 2020-08-24 | [La Nina could impact soybean planting in Brazil, Argentina - Brownfield Ag News](https://feedsoft.ai/events/51519-la-nina-could-impact-soybean-planting-in-brazil-argentina-brownfield-ag-news.md) | +5.5% | +13.5% |
| SOY | 2017-01-04 | [Soybeans charge higher amid reports of flooding in Argentina](https://feedsoft.ai/events/73022-soybeans-charge-higher-amid-reports-of-flooding-in-argentina.md) | +1.9% | +5.1% |
| SBM | 2023-03-21 | [Argentine Soybean Crushers in “Crisis Mode”](https://feedsoft.ai/events/13977-argentine-soybean-crushers-in-crisis-mode.md) | -3.5% | -0.5% |
| SBM | 2023-04-19 | [Soybean and soybean oil prices are rising amid another cut in Argentina’s crop forecasts](https://feedsoft.ai/events/36470-soybean-and-soybean-oil-prices-are-rising-amid-another-cut-in-argentina-s-crop.md) | -4.5% | -7.2% |
| SBM | 2020-08-24 | [La Nina could impact soybean planting in Brazil, Argentina - Brownfield Ag News](https://feedsoft.ai/events/51519-la-nina-could-impact-soybean-planting-in-brazil-argentina-brownfield-ag-news.md) | +3.9% | +14.9% |

## Sources

- antaresshipping.com: https://antaresshipping.com/news/november-11th-soyabean-crushing-in-argentina/

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