# Exclusive: Argentina's soy crushers face 'disaster' as bean shortage sharpens, chamber head says

> Argentina's soybean crushing plants are running out of beans after a historic drought halved the crop, according to the head of the country's grains export chamber. Well over two-thirds of factory capacity will be left idle.

- Date: 2023-10-05 · published 2023-10-05T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/33690-exclusive-argentina-s-soy-crushers-face-disaster-as-bean-shortage-sharpens
- 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 supplies much of the world's soymeal and oil, so idle crushing capacity tightens global meal supply and lifts meal prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-05-08 | [Argentina’s soybean crushers likely to face headwinds until next harvest: Bunge](https://feedsoft.ai/events/13966-argentina-s-soybean-crushers-likely-to-face-headwinds-until-next-harvest-bunge.md) | -0.8% | -7.1% |
| SBM | 2025-05-15 | [Argentina's soy farmers race ahead with harvest to beat the rains](https://feedsoft.ai/events/13856-argentina-s-soy-farmers-race-ahead-with-harvest-to-beat-the-rains.md) | +2.1% | +2.1% |
| SBM | 2021-12-14 | [Argentina exchange says dry summer poses 'big challenge' for soybeans, corn](https://feedsoft.ai/events/14063-argentina-exchange-says-dry-summer-poses-big-challenge-for-soybeans-corn.md) | +0.5% | +11.7% |
| SBM | 2022-02-16 | [EXCLUSIVE: Exclusive: Paraguay soy crushers, hit by drought, risk running out of beans \| Reuters](https://feedsoft.ai/events/14053-exclusive-exclusive-paraguay-soy-crushers-hit-by-drought-risk-running-out-of.md) | +3.0% | +10.9% |
| SBM | 2023-03-21 | [Argentine Soybean Crushers in “Crisis Mode”](https://feedsoft.ai/events/13977-argentine-soybean-crushers-in-crisis-mode.md) | -3.5% | -0.5% |
| SBO | 2023-05-08 | [Argentina’s soybean crushers likely to face headwinds until next harvest: Bunge](https://feedsoft.ai/events/13966-argentina-s-soybean-crushers-likely-to-face-headwinds-until-next-harvest-bunge.md) | -2.5% | -7.3% |
| SBO | 2022-02-16 | [EXCLUSIVE: Exclusive: Paraguay soy crushers, hit by drought, risk running out of beans \| Reuters](https://feedsoft.ai/events/14053-exclusive-exclusive-paraguay-soy-crushers-hit-by-drought-risk-running-out-of.md) | +7.4% | +5.4% |
| SBO | 2023-03-21 | [Argentine Soybean Crushers in “Crisis Mode”](https://feedsoft.ai/events/13977-argentine-soybean-crushers-in-crisis-mode.md) | -4.8% | -5.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/argentinas-soy-crushers-face-disaster-bean-shortage-sharpens-chamber-head-says-2023-10-05/

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