# Argentina agribusiness bounces back in 2019 - DatamarNews

> Argentine agribusiness closed 2019 with positive results, as the central zone avoided the drought that hit the 2017/18 crop. The 2018/19 grain harvest totalled 142 Mt, up 46% year on year, and soybean exports in the last eleven months of 2019 rose 5.8% in value while prices fell 6.7%. Argentine soybean exports benefited from the US-China trade war.

- Date: 2020-01-06 · published 2020-01-06T12:00:00.000Z
- Category: report · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/54930-argentina-agribusiness-bounces-back-in-2019-datamarnews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong Argentine supply and exports during the US-China dispute have competed with US soybean sales, which weighs on world soy prices. The price decline also signals softer export values.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-11-09 | [Argentina's grain sector is set to recover in the coming years - DatamarNews](https://feedsoft.ai/events/61890-argentina-s-grain-sector-is-set-to-recover-in-the-coming-years-datamarnews.md) | +2.4% | +4.9% |
| SOY | 2023-02-28 | [Agribusiness News March 2023 - Cereals and Oilseeds \| Helping farmers in Scotland](https://feedsoft.ai/events/37394-agribusiness-news-march-2023-cereals-and-oilseeds-helping-farmers-in-scotland.md) | +1.5% | -5.0% |
| SOY | 2018-02-23 | [Iowa records second largest corn, soybean crop in 2017 \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66349-iowa-records-second-largest-corn-soybean-crop-in-2017-iowa-agribusiness-radio.md) | +2.5% | -0.2% |
| SOY | 2018-04-11 | [Rabobank: Soy up and corn down in Brazil - Food & Agribusiness](https://feedsoft.ai/events/65343-rabobank-soy-up-and-corn-down-in-brazil-food-and-agribusiness.md) | -0.4% | -3.7% |
| SOY | 2022-12-21 | [China reduces soybean and corn imports, says customs - DatamarNews](https://feedsoft.ai/events/14879-china-reduces-soybean-and-corn-imports-says-customs-datamarnews.md) | +1.9% | +1.9% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/argentina-agribusiness-bounces-back-in-2019/

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