# Argentina Peso (USD ARS) News: Farmers Bet on Weaker Currency - Bloomberg

> Argentine farmers have slowed soybean sales because they view the peso as overvalued and expect it to weaken further. Buyers such as Glencore and Bunge face growing stockpiles, and the government is losing export revenue as it negotiates a $65 billion debt restructuring.

- Date: 2020-05-20 · published 2020-05-20T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/52970-argentina-peso-usd-ars-news-farmers-bet-on-weaker-currency-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Farmers holding back soybeans tightens near-term export availability, which supports soybean and meal prices while the hoarding continues.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-01-09 | [Argentina farmers sit on beans awaiting weaker peso, lower taxes](https://feedsoft.ai/events/66850-argentina-farmers-sit-on-beans-awaiting-weaker-peso-lower-taxes.md) | +1.0% | +2.9% |
| SOY | 2019-04-03 | [Farmers delay pricing soy in Argentina trade-currency wager](https://feedsoft.ai/events/59634-farmers-delay-pricing-soy-in-argentina-trade-currency-wager.md) | -0.1% | -6.7% |
| SOY | 2019-12-16 | [Corn prices rose 4% on news of USA and Argentina](https://feedsoft.ai/events/12108-corn-prices-rose-4-on-news-of-usa-and-argentina.md) | +2.3% | +2.3% |
| SOY | 2025-10-27 | [After the Bell \| Soybeans surge on trade deal news - Pro Farmer](https://feedsoft.ai/events/4790-after-the-bell-soybeans-surge-on-trade-deal-news-pro-farmer.md) | +5.6% | +8.0% |
| 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 | 2018-01-09 | [Argentina farmers sit on beans awaiting weaker peso, lower taxes](https://feedsoft.ai/events/66850-argentina-farmers-sit-on-beans-awaiting-weaker-peso-lower-taxes.md) | +1.7% | +4.5% |
| SBM | 2019-04-03 | [Farmers delay pricing soy in Argentina trade-currency wager](https://feedsoft.ai/events/59634-farmers-delay-pricing-soy-in-argentina-trade-currency-wager.md) | -0.5% | -4.7% |
| SBM | 2025-10-27 | [After the Bell \| Soybeans surge on trade deal news - Pro Farmer](https://feedsoft.ai/events/4790-after-the-bell-soybeans-surge-on-trade-deal-news-pro-farmer.md) | +10.4% | +9.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-05-20/in-argentina-they-are-betting-the-farm-on-a-weaker-currency

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