# Argentina announces fourth soy dollar scheme to boost sales

> Argentine Economy Minister Sergio Massa announced a new preferential exchange rate program that lets crushers buy 25% of soybeans at a 785 peso financial dollar rate, with the rest at the official 350 peso rate. The blended rate averages about 440-450 pesos per dollar. Crushing has fallen to a 15-year low, and a decree detailing the scheme was still pending.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13957-argentina-announces-fourth-soy-dollar-scheme-to-boost-sales
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The scheme should lift farmer sales and crushing activity, supporting soybean meal and oil output and export supply, while the blended exchange rate improves crusher margins.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-12-15 | [Argentina soy dollar scheme unlikely to repeat success](https://feedsoft.ai/events/13991-argentina-soy-dollar-scheme-unlikely-to-repeat-success.md) | -0.1% | +3.8% |
| SOY | 2025-09-22 | [Argentina suspends agro-export taxes to scoop up dollars \| Reuters](https://feedsoft.ai/events/13831-argentina-suspends-agro-export-taxes-to-scoop-up-dollars-reuters.md) | -1.1% | -0.6% |
| 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 | 2018-09-26 | [Argentina, IMF reach deal to boost financing to $57 billion \| AP News](https://feedsoft.ai/events/63332-argentina-imf-reach-deal-to-boost-financing-to-57-billion-ap-news.md) | +2.4% | +1.4% |
| SOY | 2025-06-26 | [Argentina soy sales spike ahead of tax deadline; could stall in July](https://feedsoft.ai/events/13851-argentina-soy-sales-spike-ahead-of-tax-deadline-could-stall-in-july.md) | +2.5% | -2.0% |
| SBM | 2022-12-15 | [Argentina soy dollar scheme unlikely to repeat success](https://feedsoft.ai/events/13991-argentina-soy-dollar-scheme-unlikely-to-repeat-success.md) | 0.0% | +11.7% |
| SBM | 2025-04-14 | [Argentina farmers focus on harvest over sales despite currency boost](https://feedsoft.ai/events/13864-argentina-farmers-focus-on-harvest-over-sales-despite-currency-boost.md) | -1.3% | -2.7% |
| SBM | 2018-09-26 | [Argentina, IMF reach deal to boost financing to $57 billion \| AP News](https://feedsoft.ai/events/63332-argentina-imf-reach-deal-to-boost-financing-to-57-billion-ap-news.md) | +1.6% | +1.5% |

## Sources

- agricensus.com: https://www.agricensus.com/Article/Argentina-announces-fourth-soy-dollar-scheme-to-boost-sales-30677.html

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