# Argentina: Soybean exporters will have access to dollars for industrial production

> Argentina's decree gives soy exporters direct access to 25% of dollar earnings, usable only to buy soybeans for crushing into oil or pellets, for the month of September. Exporters must convert the other 75% at the frozen official rate of 350 pesos per dollar, and participation is decided company by company.

- Date: 2023-09-08 · published 2023-09-08T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13954-argentina-soybean-exporters-will-have-access-to-dollars-for-industrial
- 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

The incentive targets crushing demand and farmer selling, which tightens Argentine crush supply for meal and oil while encouraging sales, so the price effect is mixed but leans bearish for beans and supportive for crushing margins.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-09-20 | [Latest “Soybean Dollar” Program Accelerates Sales in Argentina](https://feedsoft.ai/events/13952-latest-soybean-dollar-program-accelerates-sales-in-argentina.md) | -1.0% | -1.4% |
| SOY | 2017-11-28 | [Soybean meal: lower export duties in Argentina](https://feedsoft.ai/events/67812-soybean-meal-lower-export-duties-in-argentina.md) | +0.3% | -3.7% |
| SOY | 2021-12-15 | [The Government reduces export duties on some agro-industrial products to zero](https://feedsoft.ai/events/14068-the-government-reduces-export-duties-on-some-agro-industrial-products-to-zero.md) | +3.9% | +10.5% |
| SOY | 2023-09-05 | [Argentina authorizes exporters to utilize 25% of dollar earnings for soy purchases - DatamarNews](https://feedsoft.ai/events/13953-argentina-authorizes-exporters-to-utilize-25-of-dollar-earnings-for-soy.md) | -0.3% | -5.8% |
| SOY | 2018-06-04 | [Argentina: Argentina’s Delay of Soybean Export Tax Reduction Unlikely \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/64370-argentina-argentina-s-delay-of-soybean-export-tax-reduction-unlikely-usda.md) | -5.1% | -15.9% |
| SBM | 2021-07-19 | [New Argentina biodiesel law to weigh on international soyoil prices -industry \| Financial Post](https://feedsoft.ai/events/46141-new-argentina-biodiesel-law-to-weigh-on-international-soyoil-prices-industry.md) | -2.0% | -1.0% |
| SBM | 2020-01-13 | [Argentine farmers increased forward selling of soybeans to avoid higher export taxes — MercoPress](https://feedsoft.ai/events/54931-argentine-farmers-increased-forward-selling-of-soybeans-to-avoid-higher-export.md) | +0.6% | -2.4% |
| SBM | 2022-06-28 | [Argentina limits access to foreign exchange, blue dollar rates rise - DatamarNews](https://feedsoft.ai/events/41228-argentina-limits-access-to-foreign-exchange-blue-dollar-rates-rise-datamarnews.md) | +2.3% | +0.9% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/argentina-soybean-exporters-will-have-access-to-dollars-for-industrial-production/

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