# Argentine farmers' soy sales to dwindle, as elections and La Nina overshadow 2023 - Grain Price News

> Argentine farmers sold a record 13.7m tonnes of soybeans in September, spurred by a temporary 'soy dollar' exchange rate, and export registrations more than doubled the first eight months' total. Sales are expected to slow sharply as the rate ends, amid election uncertainty and La Niña threats to the 2023 harvest.

- Date: 2022-10-12 · published 2022-10-12T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14001-argentine-farmers-soy-sales-to-dwindle-as-elections-and-la-nina-overshadow-2023
- 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

Slower farmer selling tightens near-term Argentine soymeal and soyoil availability, while La Niña risk to the next crop supports prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-03 | [Farmers delay pricing soy in Argentina trade-currency wager](https://feedsoft.ai/events/59634-farmers-delay-pricing-soy-in-argentina-trade-currency-wager.md) | -0.1% | -6.7% |
| SOY | 2021-06-20 | [China Makes Large U.S. Soy Purchase, While Granting Domestic Subsidies to Its Grain Farmers](https://feedsoft.ai/events/46431-china-makes-large-u-s-soy-purchase-while-granting-domestic-subsidies-to-its.md) | -4.7% | +2.3% |
| SOY | 2022-08-22 | [Argentina farmers hoard soybeans in standoff with government \| Agriculture News \| Al Jazeera](https://feedsoft.ai/events/14012-argentina-farmers-hoard-soybeans-in-standoff-with-government-agriculture-news.md) | +7.8% | -1.8% |
| SOY | 2019-12-16 | [Corn prices rose 4% on news of USA and Argentina](https://feedsoft.ai/events/12108-corn-prices-rose-4-on-news-of-usa-and-argentina.md) | +2.3% | +2.3% |
| SOY | 2023-11-23 | [Exclusive: Argentina grains trade 'paralyzed' as farmers eye FX adjustment, bean shortage](https://feedsoft.ai/events/13945-exclusive-argentina-grains-trade-paralyzed-as-farmers-eye-fx-adjustment-bean.md) | -1.0% | -4.4% |
| SBM | 2019-04-03 | [Farmers delay pricing soy in Argentina trade-currency wager](https://feedsoft.ai/events/59634-farmers-delay-pricing-soy-in-argentina-trade-currency-wager.md) | -0.5% | -4.7% |
| SBM | 2022-08-22 | [Argentina farmers hoard soybeans in standoff with government \| Agriculture News \| Al Jazeera](https://feedsoft.ai/events/14012-argentina-farmers-hoard-soybeans-in-standoff-with-government-agriculture-news.md) | +4.8% | -4.0% |
| SBM | 2023-08-23 | [Brazil to lead soymeal exports as Argentina's production slumps - DatamarNews](https://feedsoft.ai/events/34666-brazil-to-lead-soymeal-exports-as-argentina-s-production-slumps-datamarnews.md) | +3.0% | -3.4% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/10/12/argentine-farmers-soy-sales-to-dwindle-as-elections-la-nina-overshadow-2023/

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