# Soy boon for Argentina as Ukraine war boosts prices | The Straits Times

> Russia's war in Ukraine has pushed grain prices sharply higher, benefiting Argentina's soybean sector. Argentina is the world's largest exporter of soybean meal and oil, and the sector expects record export sales of $23.7 billion this year despite a 10% smaller harvest caused by drought.

- Date: 2022-05-07 · published 2022-05-07T12:00:00.000Z
- Category: geopolitics · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14033-soy-boon-for-argentina-as-ukraine-war-boosts-prices-the-straits-times
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Supply disruption from the Black Sea conflict has lifted world prices for oilseeds and meal, and Argentina's export dominance means its harvest size and export pace directly influence meal and oil prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-05-06 | [Global grain shortage an opportunity for Argentina's 'green gold' \| Buenos Aires Times](https://feedsoft.ai/events/14035-global-grain-shortage-an-opportunity-for-argentina-s-green-gold-buenos-aires.md) | -6.1% | -2.2% |
| SBM | 2022-03-01 | [The sunflower sector shaken by the Russian intervention in Ukraine – Archyde](https://feedsoft.ai/events/42391-the-sunflower-sector-shaken-by-the-russian-intervention-in-ukraine-archyde.md) | +3.1% | +4.8% |
| SBM | 2022-04-05 | [The Russia-Ukraine War’s Impact on Global Fertilizer Markets - Rabobank](https://feedsoft.ai/events/41765-the-russia-ukraine-war-s-impact-on-global-fertilizer-markets-rabobank.md) | +0.5% | -4.7% |
| SBM | 2026-09-25 | [What’s Behind the Latest Surge in Grain and Oilseed Prices?](https://feedsoft.ai/events/11998-what-s-behind-the-latest-surge-in-grain-and-oilseed-prices.md) | -5.3% | -4.5% |
| SBM | 2022-02-25 | [Canadian farmers face volatility as war in Ukraine creates swings in global market for grains, oilseeds \| Financial Post](https://feedsoft.ai/events/9677-canadian-farmers-face-volatility-as-war-in-ukraine-creates-swings-in-global.md) | -0.1% | +5.6% |
| SBO | 2022-06-28 | [The Battle for the Black Sea \| Russia-Ukraine war \| Al Jazeera](https://feedsoft.ai/events/14478-the-battle-for-the-black-sea-russia-ukraine-war-al-jazeera.md) | -6.8% | -13.9% |
| SBO | 2022-03-01 | [Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply](https://feedsoft.ai/events/42377-palm-oil-becomes-costliest-vegoil-as-ukraine-war-halts-sunoil-supply.md) | +2.9% | -3.2% |
| SBO | 2022-04-08 | [Food commodity prices hit unprecedented highs as Ukraine crisis festers](https://feedsoft.ai/events/4042-food-commodity-prices-hit-unprecedented-highs-as-ukraine-crisis-festers.md) | -0.1% | +1.9% |

## Sources

- straitstimes.com: https://www.straitstimes.com/world/soy-boon-for-argentina-as-ukraine-war-boosts-prices

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