# Crushing it: Argentine farmers cheer China soymeal deal while U.S. growers fret

> Argentine farmers are welcoming a China soymeal deal while U.S. growers express concern. The Rosario exchange estimates China consumes about 67.3 million tonnes of soymeal annually but has imported only small amounts, preferring to crush beans domestically.

- Date: 2019-09-10 · published 2019-09-10T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/57091-crushing-it-argentine-farmers-cheer-china-soymeal-deal-while-u-s-growers-fret
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A deal favoring Argentine soymeal shifts export share away from U.S. product, which is bearish for U.S. soymeal and soybean export prospects while supporting Argentine supply flows.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-03-20 | [As bumper harvest nears, Argentina's soy farmers stall deals waiting for trade war's end](https://feedsoft.ai/events/59939-as-bumper-harvest-nears-argentina-s-soy-farmers-stall-deals-waiting-for-trade.md) | -0.4% | -1.8% |
| SOY | 2019-04-24 | [Argentina touts its soymeal in China, seeking import approval \| The Western Producer](https://feedsoft.ai/events/59436-argentina-touts-its-soymeal-in-china-seeking-import-approval-the-western.md) | -2.4% | -4.6% |
| SOY | 2018-05-23 | [U.S.-China trade row sows confusion in farmer planting plans](https://feedsoft.ai/events/64914-u-s-china-trade-row-sows-confusion-in-farmer-planting-plans.md) | -0.7% | -13.7% |
| SOY | 2019-04-24 | [Argentina trying to sell its soy bumper crop to China — MercoPress](https://feedsoft.ai/events/59434-argentina-trying-to-sell-its-soy-bumper-crop-to-china-mercopress.md) | -2.4% | -4.6% |
| SOY | 2024-05-16 | [Rising US soybean crush set to face off with Argentine supplies into 2025](https://feedsoft.ai/events/13926-rising-us-soybean-crush-set-to-face-off-with-argentine-supplies-into-2025.md) | +2.7% | -2.0% |
| SBM | 2019-03-20 | [As bumper harvest nears, Argentina's soy farmers stall deals waiting for trade war's end](https://feedsoft.ai/events/59939-as-bumper-harvest-nears-argentina-s-soy-farmers-stall-deals-waiting-for-trade.md) | +0.1% | -1.4% |
| SBM | 2018-11-12 | [U.S. soybean farmers hang on for dear life in Trump's China trade war](https://feedsoft.ai/events/62097-u-s-soybean-farmers-hang-on-for-dear-life-in-trump-s-china-trade-war.md) | +1.7% | +1.1% |
| SBM | 2019-04-24 | [Argentina touts its soymeal in China, seeking import approval \| The Western Producer](https://feedsoft.ai/events/59436-argentina-touts-its-soymeal-in-china-seeking-import-approval-the-western.md) | -1.7% | -1.9% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-09-10/china-to-accept-argentine-soy-meal-argentine-government-says
- reuters.com: https://www.reuters.com/article/us-argentina-soyproducts-china/crushing-it-argentine-farmers-cheer-china-soymeal-deal-while-us-growers-fret-idUSKCN1VW21E/
- reuters.com: https://www.reuters.com/article/us-argentina-soyproducts-china-idUSKCN1VW21E/

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