# With carrot and stick, Argentina government drives soy sale bonanza

> Argentina's government introduced a preferential exchange rate of 200 pesos per dollar for soy exporters, versus an official rate of about 140. It also said farmers hoarding soy would face higher financing costs, in a push to accelerate sales.

- Date: 2022-09-09 · published 2022-09-09T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14007-with-carrot-and-stick-argentina-government-drives-soy-sale-bonanza
- 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

Faster farmer selling increases near-term export supply of soybeans, meal and oil, which is bearish for global soy product prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-02-06 | [New Government and the Demands of the Soybean Sector in Argentina](https://feedsoft.ai/events/13938-new-government-and-the-demands-of-the-soybean-sector-in-argentina.md) | -0.3% | -4.6% |
| SOY | 2020-10-05 | [Argentina: Changes to the export tax applicable to soy and its derivatives (October 2020) - Global Trade Alert](https://feedsoft.ai/events/50482-argentina-changes-to-the-export-tax-applicable-to-soy-and-its-derivatives.md) | +4.4% | +3.5% |
| SOY | 2022-09-22 | [Argentina soy sell-off continues, but sales expected to slow - DatamarNews](https://feedsoft.ai/events/14010-argentina-soy-sell-off-continues-but-sales-expected-to-slow-datamarnews.md) | -3.6% | -6.1% |
| SOY | 2023-12-21 | [Changes in Argentina should boost the country’s soymeal and soyoil exports](https://feedsoft.ai/events/32788-changes-in-argentina-should-boost-the-country-s-soymeal-and-soyoil-exports.md) | -0.2% | -6.4% |
| SOY | 2023-09-20 | [Latest “Soybean Dollar” Program Accelerates Sales in Argentina](https://feedsoft.ai/events/13952-latest-soybean-dollar-program-accelerates-sales-in-argentina.md) | -1.0% | -1.4% |
| SBM | 2024-02-06 | [New Government and the Demands of the Soybean Sector in Argentina](https://feedsoft.ai/events/13938-new-government-and-the-demands-of-the-soybean-sector-in-argentina.md) | -2.8% | -8.4% |
| SBM | 2020-10-05 | [Argentina: Changes to the export tax applicable to soy and its derivatives (October 2020) - Global Trade Alert](https://feedsoft.ai/events/50482-argentina-changes-to-the-export-tax-applicable-to-soy-and-its-derivatives.md) | +3.9% | +8.4% |
| SBM | 2022-09-22 | [Argentina soy sell-off continues, but sales expected to slow - DatamarNews](https://feedsoft.ai/events/14010-argentina-soy-sell-off-continues-but-sales-expected-to-slow-datamarnews.md) | -6.3% | -9.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/with-carrot-stick-argentina-government-drives-soy-sale-bonanza-2022-09-09/

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