# Challenges persist but it is not all bad news for Argentina’s soybean crushing industry

> Argentina's soybean crushing sector faces ongoing recession, a dual currency system, high export taxes and drought-related logistics costs on the Parana River. S&P Global Platts nonetheless expects soybean oil and meal output and exports to rise in 2021-22.

- Date: 2022-01-04 · published 2022-01-04T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/14058-challenges-persist-but-it-is-not-all-bad-news-for-argentina-s-soybean-crushing
- 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

Argentina is the largest soybean meal exporter, so reduced crushing capacity utilization and high export taxes (33% on soybeans, 31% on meal and oil) can tighten meal and oil export supply and support international prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-08-29 | [Amid Soybean Crunch, Argentina Loosens Foreign Currency Controls for Imports](https://feedsoft.ai/events/13955-amid-soybean-crunch-argentina-loosens-foreign-currency-controls-for-imports.md) | -3.0% | -7.1% |
| SBM | 2021-11-01 | [Argentina to Plant Lowest Soybean Acreage in 15 Years](https://feedsoft.ai/events/14071-argentina-to-plant-lowest-soybean-acreage-in-15-years.md) | +0.2% | +2.8% |
| SBM | 2021-04-29 | [Correction continues for corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/7705-correction-continues-for-corn-soybeans-wheat-brownfield-ag-news.md) | +0.1% | -7.6% |
| SBM | 2025-06-28 | [Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald](https://feedsoft.ai/events/13853-argentina-reinstates-higher-export-duties-for-soybeans-and-corn-buenos-aires.md) | -1.2% | -1.4% |
| SBM | 2020-01-09 | [Argentine soybeans facing tax increases \| The Western Producer](https://feedsoft.ai/events/54929-argentine-soybeans-facing-tax-increases-the-western-producer.md) | +1.1% | -2.9% |
| SBO | 2021-10-12 | [Oil becoming new driver for soybean industry](https://feedsoft.ai/events/44619-oil-becoming-new-driver-for-soybean-industry.md) | +2.9% | -1.9% |
| SBO | 2024-03-02 | [Almost Big Breaking News for Corn and Soybean Prices](https://feedsoft.ai/events/7864-almost-big-breaking-news-for-corn-and-soybean-prices.md) | +1.3% | +7.2% |
| SBO | 2019-01-22 | [Soybean growers benefit from growing biodiesel industry - Brownfield Ag News](https://feedsoft.ai/events/60973-soybean-growers-benefit-from-growing-biodiesel-industry-brownfield-ag-news.md) | +4.4% | +2.5% |

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2022/01/04/Challenges-persist-but-it-is-not-all-bad-news-for-Argentina-s-soybean-crushing-industry/

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