# Argentine Soybean Crushers in “Crisis Mode”

> Argentine soybean crushers have idled nearly 70% of capacity due to low soybean supplies after the worst crop in nearly 25 years. Farmers are holding stocks and selling slowly, with about 6 million tonnes of 2021/22 soybeans still unsold and 2022/23 output estimated at 27-28 million tonnes or lower.

- Date: 2023-03-21 · published 2023-03-21T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13977-argentine-soybean-crushers-in-crisis-mode
- 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

Reduced crushing cuts soymeal and soybean oil output from the world's leading meal exporter, while farmer reluctance to sell tightens near-term soybean availability and supports prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-11-10 | [November 11th - Soyabean crushing in Argentina - Antares Ship Agents](https://feedsoft.ai/events/13950-november-11th-soyabean-crushing-in-argentina-antares-ship-agents.md) | +2.4% | -1.8% |
| SOY | 2018-01-04 | [Argentina's Soybean Planting Pace Is Slowest in History](https://feedsoft.ai/events/66853-argentina-s-soybean-planting-pace-is-slowest-in-history.md) | -1.3% | +2.6% |
| SOY | 2025-05-23 | [Heavy Rains Cause Major Flooding in Key Argentine Soybean Region](https://feedsoft.ai/events/13860-heavy-rains-cause-major-flooding-in-key-argentine-soybean-region.md) | -2.4% | -0.8% |
| SOY | 2023-06-21 | [Soybean Argentina 2023: A Comprehensive Analysis](https://feedsoft.ai/events/13965-soybean-argentina-2023-a-comprehensive-analysis.md) | +1.2% | +1.0% |
| SOY | 2023-05-08 | [Argentina’s soybean crushers likely to face headwinds until next harvest: Bunge](https://feedsoft.ai/events/13966-argentina-s-soybean-crushers-likely-to-face-headwinds-until-next-harvest-bunge.md) | -2.3% | -8.1% |
| SBM | 2023-11-10 | [November 11th - Soyabean crushing in Argentina - Antares Ship Agents](https://feedsoft.ai/events/13950-november-11th-soyabean-crushing-in-argentina-antares-ship-agents.md) | +3.6% | -4.9% |
| SBM | 2025-05-23 | [Heavy Rains Cause Major Flooding in Key Argentine Soybean Region](https://feedsoft.ai/events/13860-heavy-rains-cause-major-flooding-in-key-argentine-soybean-region.md) | -0.3% | -4.4% |
| SBM | 2023-05-08 | [Argentina’s soybean crushers likely to face headwinds until next harvest: Bunge](https://feedsoft.ai/events/13966-argentina-s-soybean-crushers-likely-to-face-headwinds-until-next-harvest-bunge.md) | -0.8% | -7.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/argentine-soybean-crushers-in-crisis-mode/

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