# Soybean exporters sell record-high US$1 billion in one day - Buenos Aires Herald

> Argentine soybean exporters liquidated a record $1.05 billion on May 31 under the third 'agro dollar' program, which offers a preferential rate of AR$300 per dollar. Total liquidations under the program reached $5.08 billion. The measure aims to boost exports and build reserves during a historic drought.

- Date: 2023-05-31 · published 2023-05-31T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/36239-soybean-exporters-sell-record-high-us-1-billion-in-one-day-buenos-aires-herald
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Preferential-rate incentives pull forward soybean and meal export sales, adding supply to world meal markets while the crop is drought-hit. The rush of selling tends to pressure meal prices in the near term.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-05-06 | [Argentina fights to save huge soy exports after Dutch rejections \| Buenos Aires Times](https://feedsoft.ai/events/13796-argentina-fights-to-save-huge-soy-exports-after-dutch-rejections-buenos-aires.md) | +4.1% | +1.9% |
| SBM | 2018-01-25 | [Soy source: Brazil's share of soybean exports to China hits record](https://feedsoft.ai/events/67014-soy-source-brazil-s-share-of-soybean-exports-to-china-hits-record.md) | -1.2% | +10.2% |
| SBM | 2022-07-26 | [Brazil’s Soy Meal Exports Hit Record High on Less Domestic Demand \| CZ app](https://feedsoft.ai/events/40553-brazil-s-soy-meal-exports-hit-record-high-on-less-domestic-demand-cz-app.md) | +7.2% | +2.3% |
| SBM | 2017-03-20 | [Top Soybean Meal Exporters Reduced Export In February](https://feedsoft.ai/events/72083-top-soybean-meal-exporters-reduced-export-in-february.md) | -3.3% | -4.7% |
| SBM | 2025-11-12 | [China's soybean glut could defeat US export hopes after trade thaw \| Reuters](https://feedsoft.ai/events/21942-china-s-soybean-glut-could-defeat-us-export-hopes-after-trade-thaw-reuters.md) | +2.6% | -6.0% |
| SOY | 2025-08-07 | [China soybean imports hit record July high on strong Brazil exports, US trade uncertainties \| Reuters](https://feedsoft.ai/events/12452-china-soybean-imports-hit-record-july-high-on-strong-brazil-exports-us-trade.md) | +6.4% | +5.3% |
| SOY | 2025-09-10 | [US misses out on billions of dollars of China soybean sales midway through peak season \| Reuters](https://feedsoft.ai/events/14634-us-misses-out-on-billions-of-dollars-of-china-soybean-sales-midway-through-peak.md) | +3.8% | +1.0% |
| SOY | 2018-10-29 | [U.S. experiences 'soybean backup' as exporters struggle to sell - UPI.com](https://feedsoft.ai/events/62592-u-s-experiences-soybean-backup-as-exporters-struggle-to-sell-upi-com.md) | +3.6% | +2.0% |

## Sources

- buenosairesherald.com: https://buenosairesherald.com/economics/soybean-exporters-sell-record-high-us1-billion-in-one-day

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