# Argentina stirs up giant soy market with state takeover

> Argentina announced a state takeover of Vicentin, its former top soymeal and soyoil exporter, which entered bankruptcy in February. The government will send a bill to Congress placing the firm under the agricultural arm of state energy firm YPF. Vicentin held about 19% of soymeal sales and 23% of soyoil shipments.

- Date: 2020-06-10 · published 2020-06-10T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/52447-argentina-stirs-up-giant-soy-market-with-state-takeover
- 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

Government control of a major exporter adds uncertainty to Argentine soymeal and soyoil export flows, which could disrupt Southeast Asian, European and Middle Eastern supply in the near term.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-04-26 | [Argentina's central bank blocks bankrupt soy giant from exchange markets \| Financial Post](https://feedsoft.ai/events/47433-argentina-s-central-bank-blocks-bankrupt-soy-giant-from-exchange-markets.md) | +1.2% | -4.4% |
| SBM | 2025-02-03 | [Argentina’s meal market remains slow despite export tax cut](https://feedsoft.ai/events/13880-argentina-s-meal-market-remains-slow-despite-export-tax-cut.md) | -0.1% | -3.1% |
| SBM | 2019-08-31 | [Argentina cenbank tightens FX market access](https://feedsoft.ai/events/57875-argentina-cenbank-tightens-fx-market-access.md) | -0.3% | +2.3% |
| SBM | 2022-06-20 | [Soy complex contends with divergent market scenarios - McKeany-Flavell](https://feedsoft.ai/events/41023-soy-complex-contends-with-divergent-market-scenarios-mckeany-flavell.md) | -0.7% | -1.3% |
| SBM | 2019-12-18 | [Argentina's black market peso tumbles on 'tourism tax' fears - LookOutPro](https://feedsoft.ai/events/55847-argentina-s-black-market-peso-tumbles-on-tourism-tax-fears-lookoutpro.md) | -0.2% | -0.6% |
| SBO | 2021-04-26 | [Argentina's central bank blocks bankrupt soy giant from exchange markets \| Financial Post](https://feedsoft.ai/events/47433-argentina-s-central-bank-blocks-bankrupt-soy-giant-from-exchange-markets.md) | +6.7% | +7.8% |
| SBO | 2022-06-20 | [Soy complex contends with divergent market scenarios - McKeany-Flavell](https://feedsoft.ai/events/41023-soy-complex-contends-with-divergent-market-scenarios-mckeany-flavell.md) | -6.7% | -18.7% |
| SBO | 2021-11-01 | [Argentina to Plant Lowest Soybean Acreage in 15 Years](https://feedsoft.ai/events/14071-argentina-to-plant-lowest-soybean-acreage-in-15-years.md) | -3.1% | -6.7% |

## Sources

- sg.finance.yahoo.com: https://sg.finance.yahoo.com/news/argentina-stirs-giant-soy-market-022749824.html

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