# Crop Traders Urge Argentina to Liberalize Soy Production and Exports Ahead of Election

> Major crop traders Cargill, Louis Dreyfus and Cofco told a Rosario soybean conference that Argentina's soy sector has lost influence under state intervention. They urged the next president, to be elected October 22, to liberalize production and exports.

- Date: 2023-09-28 · published 2023-09-28T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/13951-crop-traders-urge-argentina-to-liberalize-soy-production-and-exports-ahead-of
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

If Argentina stays constrained while Brazil and the US expand, global soybean and meal export supply stays tighter in Argentina's share of the market, a mildly supportive backdrop for soy complex prices and a bearish signal for Argentine basis.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-03-14 | [Argentina halts export registration for soy oil, meal \| Reuters](https://feedsoft.ai/events/5494-argentina-halts-export-registration-for-soy-oil-meal-reuters.md) | -1.3% | -0.1% |
| SOY | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | +1.0% | -2.6% |
| SOY | 2022-12-05 | [Lowered taxes to boost Argentine soyabean meal and oil exports](https://feedsoft.ai/events/13993-lowered-taxes-to-boost-argentine-soyabean-meal-and-oil-exports.md) | +3.1% | +3.4% |
| SOY | 2020-12-01 | [Argentina to Tax Grain Exports \| Feed & Grain](https://feedsoft.ai/events/49492-argentina-to-tax-grain-exports-feed-and-grain.md) | -0.9% | +10.9% |
| SOY | 2022-03-14 | [Top Exporter of Soy Meal, Oil Halts Cargoes as Prices Surge - Bloomberg](https://feedsoft.ai/events/12629-top-exporter-of-soy-meal-oil-halts-cargoes-as-prices-surge-bloomberg.md) | -1.3% | -0.1% |
| SBM | 2022-03-14 | [Argentina halts export registration for soy oil, meal \| Reuters](https://feedsoft.ai/events/5494-argentina-halts-export-registration-for-soy-oil-meal-reuters.md) | -1.7% | -4.7% |
| SBM | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | -0.5% | -0.8% |
| SBM | 2022-03-19 | [Argentina hikes export tax on soy oil, meal to 33% to combat inflation](https://feedsoft.ai/events/14044-argentina-hikes-export-tax-on-soy-oil-meal-to-33-to-combat-inflation.md) | +1.4% | -3.3% |

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/english/crop-traders-urge-argentina-to-liberalize-soy-production-and-exports-ahead-of-election/

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