# Argentine Election Gives Soymeal Traders a New Factor to Weigh

> Soybean meal futures swung between gains and losses after Javier Milei won Argentina's presidency. Milei has proposed dollarizing the economy, which could prompt Argentine farmers to sell soybeans more actively once he takes office on Dec. 10. Analysts expect Argentine meal exports to matter mainly after May of next year.

- Date: 2023-11-21 · published 2023-11-21T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/33241-argentine-election-gives-soymeal-traders-a-new-factor-to-weigh
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected farmer selling in Argentina could add meal and bean supply later, but current tight Argentine supplies keep near-term soymeal prices supported.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-10-23 | [Risks to peso as Argentine elections loom](https://feedsoft.ai/events/17347-risks-to-peso-as-argentine-elections-loom.md) | -3.9% | — |
| SBM | 2021-07-19 | [New Argentina biodiesel law to weigh on international soyoil prices -industry \| Financial Post](https://feedsoft.ai/events/46141-new-argentina-biodiesel-law-to-weigh-on-international-soyoil-prices-industry.md) | -2.0% | -1.0% |
| SBM | 2023-10-30 | [Let’s Talk About Soybeans and the Argentine Election \| CZ app](https://feedsoft.ai/events/33692-let-s-talk-about-soybeans-and-the-argentine-election-cz-app.md) | +0.4% | +4.9% |
| SBM | 2025-07-09 | [Corn vs Soy: Argentina’s Farmers Weigh Taxes, Margins in Planting Plans](https://feedsoft.ai/events/13847-corn-vs-soy-argentina-s-farmers-weigh-taxes-margins-in-planting-plans.md) | -0.7% | +2.8% |
| SBM | 2021-05-19 | [Soy traders failing to stop deforestation, new scorecard shows – Global Canopy](https://feedsoft.ai/events/47109-soy-traders-failing-to-stop-deforestation-new-scorecard-shows-global-canopy.md) | -4.8% | -9.2% |
| SOY | 2023-10-30 | [Let’s Talk About Soybeans and the Argentine Election \| CZ app](https://feedsoft.ai/events/33692-let-s-talk-about-soybeans-and-the-argentine-election-cz-app.md) | +2.3% | +2.5% |
| SOY | 2020-10-19 | [Trump's payments to farmers hit all-time high ahead of election](https://feedsoft.ai/events/50501-trump-s-payments-to-farmers-hit-all-time-high-ahead-of-election.md) | +3.2% | +8.7% |
| SOY | 2021-05-19 | [Soy traders failing to stop deforestation, new scorecard shows – Global Canopy](https://feedsoft.ai/events/47109-soy-traders-failing-to-stop-deforestation-new-scorecard-shows-global-canopy.md) | -4.0% | -8.0% |

## Sources

- yibn.com: https://yibn.com/argentine-election-gives-soymeal-traders-a-new-factor-to-weigh

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