# Runaway price hikes has soy farmers hoarding all they can | Buenos Aires Times

> Argentine soy farmers are holding back more of their crop, with 46 percent sold versus 57 percent a year earlier. The hoarding is a response to consumer inflation of 64 percent in June and expected faster price rises. Slower shipments of soy oil and soy meal are expected as a result.

- Date: 2022-07-15 · published 2022-07-15T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14022-runaway-price-hikes-has-soy-farmers-hoarding-all-they-can-buenos-aires-times
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Reduced farmer selling tightens near-term export supply of soy meal and oil, which supports world prices. Currency and inflation pressures in Argentina are the underlying cause.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-04-11 | [Argentine farmers, facing peso uncertainty, hoard soya despite high prices - Markets - Business Recorder](https://feedsoft.ai/events/47430-argentine-farmers-facing-peso-uncertainty-hoard-soya-despite-high-prices.md) | -0.1% | +8.2% |
| SBM | 2022-08-28 | [Argentines flocked to buy dollars to protect savings from crisis \| Buenos Aires Times](https://feedsoft.ai/events/40326-argentines-flocked-to-buy-dollars-to-protect-savings-from-crisis-buenos-aires.md) | -5.9% | -6.1% |
| SBM | 2018-05-16 | [‘Start selling so dollars come in,’ Argentine soybean farmers are told](https://feedsoft.ai/events/64865-start-selling-so-dollars-come-in-argentine-soybean-farmers-are-told.md) | -1.3% | -9.1% |
| SBM | 2020-01-27 | [Due to oil prices on the world market, the prices of all commodities are rising – Lider Media](https://feedsoft.ai/events/55169-due-to-oil-prices-on-the-world-market-the-prices-of-all-commodities-are-rising.md) | -2.4% | -4.1% |
| SBM | 2018-06-04 | [FoodFarmNews: China’s pig farmers plan to produce mega hog-farms to meet demands of world’s biggest pork market](https://feedsoft.ai/events/64512-foodfarmnews-china-s-pig-farmers-plan-to-produce-mega-hog-farms-to-meet-demands.md) | -4.4% | -11.1% |
| SBO | 2024-02-28 | [Against the background of rising oil prices, palm and soybean oil prices rose, despite the absence of fundamental supporting factors](https://feedsoft.ai/events/31772-against-the-background-of-rising-oil-prices-palm-and-soybean-oil-prices-rose.md) | -0.0% | +7.7% |
| SBO | 2026-05-27 | [Tight Stocks, Wide Ranges: 2026 Crop Price Scenarios - American AgCredit](https://feedsoft.ai/events/19275-tight-stocks-wide-ranges-2026-crop-price-scenarios-american-agcredit.md) | +2.2% | -3.6% |
| SBO | 2021-03-08 | [VEGOILS-Palm oil rises nearly 4% to two-month high as crude, soyoil rally By Reuters](https://feedsoft.ai/events/6562-vegoils-palm-oil-rises-nearly-4-to-two-month-high-as-crude-soyoil-rally-by.md) | +9.1% | +10.7% |

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/inflation-at-64-has-argentine-soy-farmers-hoarding-all-they-can.phtml

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