# Argentina farmers hoard soybeans in standoff with government | Agriculture News | Al Jazeera

> Argentine farmers are storing a large share of their soybean harvest in silo bags rather than selling, with one 700-hectare producer reporting 60-70% stored. President Alberto Fernandez accused the farm sector of hoarding about $20bn of products amid an economic crisis and peso erosion.

- Date: 2022-08-22 · published 2022-08-22T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14012-argentina-farmers-hoard-soybeans-in-standoff-with-government-agriculture-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Withheld Argentine soybeans and meal reduce near-term export availability and support world soybean product prices, while farmers' expectation of devaluation keeps selling slow.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-08-04 | [Argentine farmers withhold corn, soybeans 04.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/14018-argentine-farmers-withhold-corn-soybeans-04-08-2022-ukragroconsult.md) | +8.4% | -3.2% |
| SOY | 2020-04-24 | [China buying more US beef and soybeans - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53504-china-buying-more-us-beef-and-soybeans-agweek-1-source-for-agriculture-news.md) | +1.3% | -0.5% |
| SOY | 2024-07-01 | [Argentina Soybean Sales Stall in June as Currency Gap Widens](https://feedsoft.ai/events/13910-argentina-soybean-sales-stall-in-june-as-currency-gap-widens.md) | +2.1% | -8.3% |
| SOY | 2022-10-12 | [Argentine farmers' soy sales to dwindle, as elections and La Nina overshadow 2023 - Grain Price News](https://feedsoft.ai/events/14001-argentine-farmers-soy-sales-to-dwindle-as-elections-and-la-nina-overshadow-2023.md) | -0.3% | +4.9% |
| SOY | 2016-11-28 | [Soybeans rise 1.2 percent on strong U.S. exports, weaker dollar - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73899-soybeans-rise-1-2-percent-on-strong-u-s-exports-weaker-dollar-agweek-1-source.md) | -1.8% | -5.4% |
| SBM | 2022-08-04 | [Argentine farmers withhold corn, soybeans 04.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/14018-argentine-farmers-withhold-corn-soybeans-04-08-2022-ukragroconsult.md) | +5.5% | -4.3% |
| SBM | 2024-07-01 | [Argentina Soybean Sales Stall in June as Currency Gap Widens](https://feedsoft.ai/events/13910-argentina-soybean-sales-stall-in-june-as-currency-gap-widens.md) | +3.5% | -2.1% |
| SBM | 2022-10-12 | [Argentine farmers' soy sales to dwindle, as elections and La Nina overshadow 2023 - Grain Price News](https://feedsoft.ai/events/14001-argentine-farmers-soy-sales-to-dwindle-as-elections-and-la-nina-overshadow-2023.md) | -1.2% | +1.9% |

## Sources

- aljazeera.com: https://www.aljazeera.com/news/2022/8/22/argentina-farmers-hoard-soybeans-in-standoff-with-government

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