# Argentina asked crop exporters to bring US$1 billion next week | Buenos Aires Times

> Argentina's government asked top crop exporters and processors to sell grain worth about US$1 billion within a week to bolster central bank reserves. Ciara-Cec, representing over 40% of exports, is discussing a mechanism to encourage sales, though compliance is uncertain.

- Date: 2022-08-12 · published 2022-08-12T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14015-argentina-asked-crop-exporters-to-bring-us-1-billion-next-week-buenos-aires
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A government push to accelerate dollar-generating grain sales could release stored soybean and corn supplies into export channels, a modest bearish pressure on soy product prices if executed.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-11-26 | [Argentina to brings back exchange rate that led to IMF exception \| Buenos Aires Times](https://feedsoft.ai/events/38950-argentina-to-brings-back-exchange-rate-that-led-to-imf-exception-buenos-aires.md) | +0.2% | +3.0% |
| SOY | 2020-09-29 | [Government mulls temporary cut on some crop export taxes \| Buenos Aires Times](https://feedsoft.ai/events/50971-government-mulls-temporary-cut-on-some-crop-export-taxes-buenos-aires-times.md) | +2.5% | +9.2% |
| SOY | 2025-10-03 | [Milei’s 48-hour tariff pause spurs record surge in crop exports \| Buenos Aires Times](https://feedsoft.ai/events/13829-milei-s-48-hour-tariff-pause-spurs-record-surge-in-crop-exports-buenos-aires.md) | -0.1% | +6.6% |
| SOY | 2020-10-02 | [Argentina lowers export taxes on soy for three months, hoping farmers will sell their crops — MercoPress](https://feedsoft.ai/events/50483-argentina-lowers-export-taxes-on-soy-for-three-months-hoping-farmers-will-sell.md) | +2.6% | +2.8% |
| SOY | 2023-09-08 | [Argentina: Soybean exporters will have access to dollars for industrial production](https://feedsoft.ai/events/13954-argentina-soybean-exporters-will-have-access-to-dollars-for-industrial.md) | -0.1% | -4.8% |
| SBM | 2022-11-26 | [Argentina to brings back exchange rate that led to IMF exception \| Buenos Aires Times](https://feedsoft.ai/events/38950-argentina-to-brings-back-exchange-rate-that-led-to-imf-exception-buenos-aires.md) | +3.4% | +11.2% |
| SBM | 2023-03-31 | [Argentina debuts ‘Dollar Malbec’ to aid exports amid drought \| Buenos Aires Times](https://feedsoft.ai/events/37159-argentina-debuts-dollar-malbec-to-aid-exports-amid-drought-buenos-aires-times.md) | -0.7% | -3.8% |
| SBM | 2020-09-29 | [Government mulls temporary cut on some crop export taxes \| Buenos Aires Times](https://feedsoft.ai/events/50971-government-mulls-temporary-cut-on-some-crop-export-taxes-buenos-aires-times.md) | +3.3% | +17.1% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentina-asked-crop-exporters-to-bring-us1-billion-next-week.phtml

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