# INTERVIEW: Argentinian soybean farmers not hoarding stocks despite challenges

> Rosario Stock Exchange economist Emilce Terré told S&P Global Platts that Argentine farmers are not hoarding soybeans, with sales in the 2020/21 marketing year tracking the average pace. Unsold soybeans total 8.8 million mt versus 9.9 million mt a year earlier. She said high export taxes and a firm exchange rate are discouraging farming and sales.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: market · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/49994-interview-argentinian-soybean-farmers-not-hoarding-stocks-despite-challenges
- 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

Steady farmer selling keeps Argentine soybean meal and oil export supply on normal pace, so the hoarding concern that had supported prices looks unfounded. Lower unsold stocks than last year modestly weighs on global soymeal and oil prices.

## Read by commodity

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

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/113020-interview-argentinian-soybeans-farmers-not-hoarding-stocks-despite-challenges

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