# Argentina authorizes exporters to utilize 25% of dollar earnings for soy purchases - DatamarNews

> Argentina's government decree allows agro-exporters to freely access 25% of their foreign-exchange earnings during September to buy soybeans. The measure is meant to lift the domestic soybean price and speed grain sales, and the implied peso rate was about 455 per dollar on the alternative market.

- Date: 2023-09-05 · published 2023-09-05T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13953-argentina-authorizes-exporters-to-utilize-25-of-dollar-earnings-for-soy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

By encouraging farmers to sell soybeans and products quickly, the measure raises near-term Argentine supply, which is bearish for soy complex prices, while the peso gap signals strong devaluation pressure.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-09-22 | [Argentina soy sell-off continues, but sales expected to slow - DatamarNews](https://feedsoft.ai/events/14010-argentina-soy-sell-off-continues-but-sales-expected-to-slow-datamarnews.md) | -3.6% | -6.1% |
| SOY | 2023-09-08 | [Argentina: Soybean exporters will have access to dollars for industrial production](https://feedsoft.ai/events/13954-argentina-soybean-exporters-will-have-access-to-dollars-for-industrial.md) | -0.1% | -4.8% |
| SOY | 2021-09-29 | [Argentina may change tax structure on grain exports - DatamarNews](https://feedsoft.ai/events/44930-argentina-may-change-tax-structure-on-grain-exports-datamarnews.md) | -2.1% | -3.1% |
| SOY | 2024-03-25 | [Argentina FX change, return of tax to spur exports \| Latest Market News](https://feedsoft.ai/events/13931-argentina-fx-change-return-of-tax-to-spur-exports-latest-market-news.md) | -0.6% | -2.6% |
| SOY | 2022-11-28 | [Argentina restarts soy dollar program until year-end, China to buy 1 mil-1.5 mil mt](https://feedsoft.ai/events/38697-argentina-restarts-soy-dollar-program-until-year-end-china-to-buy-1-mil-1-5-mil.md) | +0.2% | +3.0% |
| SBM | 2022-09-22 | [Argentina soy sell-off continues, but sales expected to slow - DatamarNews](https://feedsoft.ai/events/14010-argentina-soy-sell-off-continues-but-sales-expected-to-slow-datamarnews.md) | -6.3% | -9.1% |
| SBM | 2024-03-25 | [Argentina FX change, return of tax to spur exports \| Latest Market News](https://feedsoft.ai/events/13931-argentina-fx-change-return-of-tax-to-spur-exports-latest-market-news.md) | -2.4% | +1.0% |
| SBM | 2022-11-28 | [Argentina restarts soy dollar program until year-end, China to buy 1 mil-1.5 mil mt](https://feedsoft.ai/events/38697-argentina-restarts-soy-dollar-program-until-year-end-china-to-buy-1-mil-1-5-mil.md) | +3.4% | +11.2% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/argentina-authorizes-exporters-to-utilize-25-of-dollar-earnings-for-soy-purchases/

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