# Exclusive: Argentine takeover of soy crusher Vicentin may scuttle Glencore's Renova bid - sources | Reuters

> Argentina's state takeover of crusher Vicentin may derail Glencore's bid to buy its Renova joint venture, according to sources. A source close to the talks said Argentina will still crush 40 to 42 million tonnes of soybeans annually, so domestic soy product supply is not expected to change.

- Date: 2020-06-11 · published 2020-06-11T12:00:00.000Z
- Category: trade · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/52446-exclusive-argentine-takeover-of-soy-crusher-vicentin-may-scuttle-glencore-s
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Because crushing capacity is expected to stay intact, the ownership change has little direct effect on soymeal or soyoil supply, so price impact is minimal.

## Read by commodity

- SBM: neutral
- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-08-29 | [China boosts soybean buys from Argentina, Uruguay amid US trade war, sources say \| Reuters](https://feedsoft.ai/events/14639-china-boosts-soybean-buys-from-argentina-uruguay-amid-us-trade-war-sources-say.md) | -2.7% | -6.0% |
| SBM | 2025-10-01 | [EXCLUSIVE: Vietnamese feed makers buying Canadian canola meal after China duties, sources say](https://feedsoft.ai/events/22991-exclusive-vietnamese-feed-makers-buying-canadian-canola-meal-after-china-duties.md) | +1.4% | +16.1% |
| SBM | 2026-10-14 | [Exclusive-China buys 8-10 US soybean cargoes in first deals since Trump-Xi summit, sources say By Reuters](https://feedsoft.ai/events/14536-exclusive-china-buys-8-10-us-soybean-cargoes-in-first-deals-since-trump-xi.md) | -4.3% | — |
| SBM | 2025-11-17 | [Exclusive: China snaps up US soybeans after pledge to Trump, but at high price, traders say \| Reuters](https://feedsoft.ai/events/7888-exclusive-china-snaps-up-us-soybeans-after-pledge-to-trump-but-at-high-price.md) | -1.7% | -5.9% |
| SBM | 2019-09-10 | [Crushing it: Argentine farmers cheer China soymeal deal while U.S. growers fret](https://feedsoft.ai/events/57091-crushing-it-argentine-farmers-cheer-china-soymeal-deal-while-u-s-growers-fret.md) | +2.3% | +3.1% |
| SBO | 2026-06-20 | [Brazil’s soymeal export push challenges Argentina’s dominance - Markets - Business Recorder](https://feedsoft.ai/events/18881-brazil-s-soymeal-export-push-challenges-argentina-s-dominance-markets-business.md) | +1.6% | +7.3% |
| SBO | 2020-07-17 | [Vicentin set to restart exports while banks claim it ‘diverted’…](https://feedsoft.ai/events/51950-vicentin-set-to-restart-exports-while-banks-claim-it-diverted.md) | +1.8% | +8.0% |
| SBO | 2021-02-11 | [Egypt's GASC gets offers in soyoil, sunflower oil tender - Markets - Business Recorder](https://feedsoft.ai/events/48730-egypt-s-gasc-gets-offers-in-soyoil-sunflower-oil-tender-markets-business.md) | +1.7% | +18.5% |

## Sources

- reuters.com: https://www.reuters.com/article/business/exclusive-argentine-takeover-of-soy-crusher-vicentin-may-scuttle-glencores-ren-idUSKBN23I383/

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