# Soy farmers bet against peso just as government needs cash | Buenos Aires Times

> Argentine soy farmers have sharply reduced sales because they expect the peso to keep falling. At the official rate minus export taxes, selling now would bring only about 45 pesos per dollar. Buyers and the government are left waiting for export receipts.

- Date: 2020-05-23 · published 2020-05-23T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/52971-soy-farmers-bet-against-peso-just-as-government-needs-cash-buenos-aires-times
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Withheld soybean supply from Argentina, the top soymeal exporter, supports soy and meal prices until farmers resume selling.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-09-25 | [In Argentina’s soy stand-off, US rivals emerge as winners \| Buenos Aires Times](https://feedsoft.ai/events/50969-in-argentina-s-soy-stand-off-us-rivals-emerge-as-winners-buenos-aires-times.md) | +2.3% | +7.4% |
| 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 | 2022-08-22 | [Argentina farmers hoard soybeans in standoff with government \| Agriculture News \| Al Jazeera](https://feedsoft.ai/events/14012-argentina-farmers-hoard-soybeans-in-standoff-with-government-agriculture-news.md) | +7.8% | -1.8% |
| SOY | 2020-05-20 | [Argentina Peso (USD ARS) News: Farmers Bet on Weaker Currency - Bloomberg](https://feedsoft.ai/events/52970-argentina-peso-usd-ars-news-farmers-bet-on-weaker-currency-bloomberg.md) | +0.7% | +3.4% |
| 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% |
| SBM | 2020-09-25 | [In Argentina’s soy stand-off, US rivals emerge as winners \| Buenos Aires Times](https://feedsoft.ai/events/50969-in-argentina-s-soy-stand-off-us-rivals-emerge-as-winners-buenos-aires-times.md) | +3.4% | +14.6% |
| 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% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/soy-farmers-bet-against-peso-just-as-government-needs-cash.phtml

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