# Viterra-Bunge deal to rescue soy giant Vicentin is now at risk | Buenos Aires Times

> A rescue deal for Vicentin SAIC, a major soymeal supplier, led by Viterra and Bunge, is at risk because of court delays in a provincial bankruptcy case. Argentina's worst drought in living memory is also cited as a factor. The deal would restructure $1.3 billion of debt.

- Date: 2023-06-03 · published 2023-06-03T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13962-viterra-bunge-deal-to-rescue-soy-giant-vicentin-is-now-at-risk-buenos-aires
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Uncertainty over Vicentin's operations, combined with drought-reduced crushing, tightens expected meal and oil supply from Argentina, the top meal and soyoil exporter. That supports soymeal and soyoil prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-02-21 | [Default rocks the Argentine brokers who sell soy to the world \| Buenos Aires Times](https://feedsoft.ai/events/12195-default-rocks-the-argentine-brokers-who-sell-soy-to-the-world-buenos-aires-times.md) | +1.4% | +7.5% |
| SBM | 2020-09-25 | [In Argentina’s soy stand-off, US rivals emerge as winners \| Buenos Aires Times](https://feedsoft.ai/events/50969-in-argentina-s-soy-stand-off-us-rivals-emerge-as-winners-buenos-aires-times.md) | +3.4% | +14.6% |
| SBM | 2019-08-16 | [China boosts Brazil soy imports as Argentina hoards crops \| Buenos Aires Times](https://feedsoft.ai/events/57429-china-boosts-brazil-soy-imports-as-argentina-hoards-crops-buenos-aires-times.md) | +0.7% | +2.2% |
| SBM | 2020-05-23 | [Soy farmers bet against peso just as government needs cash \| Buenos Aires Times](https://feedsoft.ai/events/52971-soy-farmers-bet-against-peso-just-as-government-needs-cash-buenos-aires-times.md) | -0.4% | +0.8% |
| SBM | 2025-06-27 | [Crop traders rush to secure Argentine cargoes as Milei perk ends \| Buenos Aires Times](https://feedsoft.ai/events/13855-crop-traders-rush-to-secure-argentine-cargoes-as-milei-perk-ends-buenos-aires.md) | +0.6% | -0.7% |
| SBO | 2025-06-27 | [Crop traders rush to secure Argentine cargoes as Milei perk ends \| Buenos Aires Times](https://feedsoft.ai/events/13855-crop-traders-rush-to-secure-argentine-cargoes-as-milei-perk-ends-buenos-aires.md) | +2.2% | +4.4% |
| SBO | 2023-11-22 | [Global soybean oil prices continue to rise amid tight supply](https://feedsoft.ai/events/33253-global-soybean-oil-prices-continue-to-rise-amid-tight-supply.md) | -1.2% | -4.4% |
| SBO | 2022-08-23 | [Brazilian FOB soybean oil prices likely to remain at unusual discount to Argentina’s FOB - Fastmarkets](https://feedsoft.ai/events/40123-brazilian-fob-soybean-oil-prices-likely-to-remain-at-unusual-discount-to.md) | +0.6% | -4.0% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/viterra-bunge-deal-to-rescue-argentine-soy-giant-vicentin-is-now-at-risk.phtml

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