# In Argentina’s soy stand-off, US rivals emerge as winners | Buenos Aires Times

> Argentine farmers are holding back soybeans as a hedge against currency devaluation, while tightening currency restrictions disrupt the economy. Chicago soymeal futures rallied to their highest level in more than two years, and raw soybeans traded near two-year highs. ADM's CFO said global meal buyers will turn to the US in the fourth quarter.

- Date: 2020-09-25 · published 2020-09-25T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/50969-in-argentina-s-soy-stand-off-us-rivals-emerge-as-winners-buenos-aires-times
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Reduced Argentine soybean selling shifts meal and oil demand to US processors, supporting US soybean and soymeal prices through the fourth quarter.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-09-29 | 1 | +3.8% | 3.0 | Argentine farmers holding back soybeans pushed meal futures to 2+ year highs and shifted meal demand to the US, providing the background for continued momentum. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-16 | [China boosts Brazil soy imports as Argentina hoards crops \| Buenos Aires Times](https://feedsoft.ai/events/57429-china-boosts-brazil-soy-imports-as-argentina-hoards-crops-buenos-aires-times.md) | -0.2% | +3.1% |
| SOY | 2025-06-27 | [Crop traders rush to secure Argentine cargoes as Milei perk ends \| Buenos Aires Times](https://feedsoft.ai/events/13855-crop-traders-rush-to-secure-argentine-cargoes-as-milei-perk-ends-buenos-aires.md) | +3.3% | -2.3% |
| SOY | 2020-05-23 | [Soy farmers bet against peso just as government needs cash \| Buenos Aires Times](https://feedsoft.ai/events/52971-soy-farmers-bet-against-peso-just-as-government-needs-cash-buenos-aires-times.md) | +0.9% | +5.2% |
| SOY | 2021-10-05 | [Is Argentina’s Soy Boom Over? - Transport Energy Strategies](https://feedsoft.ai/events/44403-is-argentina-s-soy-boom-over-transport-energy-strategies.md) | -0.6% | +0.1% |
| SOY | 2024-07-01 | [Argentina Soybean Sales Stall in June as Currency Gap Widens](https://feedsoft.ai/events/13910-argentina-soybean-sales-stall-in-june-as-currency-gap-widens.md) | +2.1% | -8.3% |
| SBM | 2019-08-16 | [China boosts Brazil soy imports as Argentina hoards crops \| Buenos Aires Times](https://feedsoft.ai/events/57429-china-boosts-brazil-soy-imports-as-argentina-hoards-crops-buenos-aires-times.md) | +0.7% | +2.2% |
| SBM | 2020-02-21 | [Default rocks the Argentine brokers who sell soy to the world \| Buenos Aires Times](https://feedsoft.ai/events/12195-default-rocks-the-argentine-brokers-who-sell-soy-to-the-world-buenos-aires-times.md) | +1.4% | +7.5% |
| SBM | 2025-06-27 | [Crop traders rush to secure Argentine cargoes as Milei perk ends \| Buenos Aires Times](https://feedsoft.ai/events/13855-crop-traders-rush-to-secure-argentine-cargoes-as-milei-perk-ends-buenos-aires.md) | +0.6% | -0.7% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/in-argentinas-soy-stand-off-us-rivals-emerge-as-winners.phtml

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