# Argentina restarts soy dollar program until year-end, China to buy 1 mil-1.5 mil mt

> Argentina announced a preferential exchange rate of 230 pesos per US dollar for soybeans and derivatives, effective November 28 through end-2022. The policy aims to encourage year-end exports and boost central bank reserves, and it could prompt Chinese buyers to extend demand for December and January shipments.

- Date: 2022-11-28 · published 2022-11-28T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/38697-argentina-restarts-soy-dollar-program-until-year-end-china-to-buy-1-mil-1-5-mil
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A favorable FX rate for soy sales should release farmer-held stocks, adding Argentine supply to the export market and pressuring soybean and meal prices, while potential Chinese buying offsets some of that.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-09-20 | [Latest “Soybean Dollar” Program Accelerates Sales in Argentina](https://feedsoft.ai/events/13952-latest-soybean-dollar-program-accelerates-sales-in-argentina.md) | -1.0% | -1.4% |
| SOY | 2026-05-26 | [Argentina to Gradually Reduce Soy, Corn Taxes in Coming Years](https://feedsoft.ai/events/13795-argentina-to-gradually-reduce-soy-corn-taxes-in-coming-years.md) | -1.3% | -6.6% |
| SOY | 2023-09-05 | [Argentina authorizes exporters to utilize 25% of dollar earnings for soy purchases - DatamarNews](https://feedsoft.ai/events/13953-argentina-authorizes-exporters-to-utilize-25-of-dollar-earnings-for-soy.md) | -0.3% | -5.8% |
| SOY | 2023-09-08 | [Argentina: Soybean exporters will have access to dollars for industrial production](https://feedsoft.ai/events/13954-argentina-soybean-exporters-will-have-access-to-dollars-for-industrial.md) | -0.1% | -4.8% |
| SOY | 2025-07-30 | [Argentina to resume soybean exports after official tax cut – CIARA-CEC](https://feedsoft.ai/events/13845-argentina-to-resume-soybean-exports-after-official-tax-cut-ciara-cec.md) | -1.3% | +4.8% |
| SBM | 2023-04-05 | [Argentina unveils third 'soybean dollar' program to boost farmer sales](https://feedsoft.ai/events/13974-argentina-unveils-third-soybean-dollar-program-to-boost-farmer-sales.md) | +0.2% | -6.0% |
| SBM | 2023-09-20 | [Latest “Soybean Dollar” Program Accelerates Sales in Argentina](https://feedsoft.ai/events/13952-latest-soybean-dollar-program-accelerates-sales-in-argentina.md) | +0.6% | +1.5% |
| SBM | 2023-06-05 | [Argentina's soy dollar 3 close to revenue target, but not a success - Fastmarkets](https://feedsoft.ai/events/13961-argentina-s-soy-dollar-3-close-to-revenue-target-but-not-a-success-fastmarkets.md) | +0.1% | +4.0% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/soy-dollar-to-bolster-argentine-soy-meal-soy-oil-exports/
- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/112822-argentina-restarts-soy-dollar-program-until-year-end-china-to-buy-1-mil-15-mil-mt

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