# Argentina’s soybean crushers likely to face headwinds until next harvest: Bunge

> Bunge CEO Gregory Heckman said Argentina's crushing industry faces a severe supply crunch as the 2022-23 soybean crop forecast falls from 44 million mt to 27 million mt. Crush is expected to fall below 30 million mt, and Platts assessed Argentine soymeal and soyoil FOB prices at $479.39/mt and $933.44/mt on May 3.

- Date: 2023-05-08 · published 2023-05-08T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/13966-argentina-s-soybean-crushers-likely-to-face-headwinds-until-next-harvest-bunge
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Argentina is the top exporter of soybean meal and oil, so a sharply smaller crush removes supply from world markets and tends to support meal and oil prices until the next harvest.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-05-15 | [Argentina's soy farmers race ahead with harvest to beat the rains](https://feedsoft.ai/events/13856-argentina-s-soy-farmers-race-ahead-with-harvest-to-beat-the-rains.md) | +2.1% | +2.1% |
| SBM | 2023-01-10 | [Soybean derivatives supply under pressure as Argentina, Brazil face headwinds - DatamarNews](https://feedsoft.ai/events/37864-soybean-derivatives-supply-under-pressure-as-argentina-brazil-face-headwinds.md) | +2.5% | -1.8% |
| SBM | 2023-01-04 | [Commodities 2023: Soybean derivatives supply under pressure as Argentina, Brazil face headwinds](https://feedsoft.ai/events/8622-commodities-2023-soybean-derivatives-supply-under-pressure-as-argentina-brazil.md) | +4.1% | +1.0% |
| SBM | 2023-10-05 | [Exclusive: Argentina's soy crushers face 'disaster' as bean shortage sharpens, chamber head says](https://feedsoft.ai/events/33690-exclusive-argentina-s-soy-crushers-face-disaster-as-bean-shortage-sharpens.md) | +1.1% | +16.2% |
| SBM | 2026-01-31 | [Argentina's Soybean Harvest Forecast for 2025/26: 48M Tons](https://feedsoft.ai/events/13816-argentina-s-soybean-harvest-forecast-for-2025-26-48m-tons.md) | +2.7% | +9.0% |
| SBO | 2023-01-10 | [Soybean derivatives supply under pressure as Argentina, Brazil face headwinds - DatamarNews](https://feedsoft.ai/events/37864-soybean-derivatives-supply-under-pressure-as-argentina-brazil-face-headwinds.md) | -2.0% | -9.6% |
| SBO | 2023-01-04 | [Commodities 2023: Soybean derivatives supply under pressure as Argentina, Brazil face headwinds](https://feedsoft.ai/events/8622-commodities-2023-soybean-derivatives-supply-under-pressure-as-argentina-brazil.md) | +1.2% | -3.7% |
| SBO | 2023-10-05 | [Exclusive: Argentina's soy crushers face 'disaster' as bean shortage sharpens, chamber head says](https://feedsoft.ai/events/33690-exclusive-argentina-s-soy-crushers-face-disaster-as-bean-shortage-sharpens.md) | -7.3% | -9.0% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/argentinas-soybean-crushers-likely-to-face-headwinds-until-next-harvest-bunge/

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