# Good sales prospects from China for Argentina's 56 million tons of soybeans — MercoPress

> Buenos Aires Grain Exchange puts Argentina's 2018-19 soybean crop at 56 million mt, with harvest nearly complete at 55.4 million mt. USDA forecasts Argentine soybean exports at 7.75 million mt, and soymeal and soyoil exports are projected to rise. The article says China is looking to South America for purchases amid the US-China dispute.

- Date: 2019-06-15 · published 2019-06-15T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/58441-good-sales-prospects-from-china-for-argentina-s-56-million-tons-of-soybeans
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A large Argentine crop and rising China demand for South American beans add supply that competes with Brazil and eases tightness in soy complex prices. Strong meal and oil export forecasts add bearish pressure on soymeal and soyoil.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-09-15 | [Argentina's Soybean Area Set to Expand to 17 Million Hectares for 2026/27](https://feedsoft.ai/events/13777-argentina-s-soybean-area-set-to-expand-to-17-million-hectares-for-2026-27.md) | +3.3% | +0.2% |
| SOY | 2026-09-30 | [BAGE forecasts Argentina’s soybean crop at 53.6 mln tons](https://feedsoft.ai/events/13774-bage-forecasts-argentina-s-soybean-crop-at-53-6-mln-tons.md) | +0.4% | -5.3% |
| SOY | 2024-11-27 | [Argentina’s soybean area updated while wheat output forecast at 17.6 million tonnes](https://feedsoft.ai/events/13892-argentina-s-soybean-area-updated-while-wheat-output-forecast-at-17-6-million.md) | +0.0% | +0.5% |
| SOY | 2024-06-26 | [Argentine farmers still trust Milei and are hopeful of his electoral promises — MercoPress](https://feedsoft.ai/events/13917-argentine-farmers-still-trust-milei-and-are-hopeful-of-his-electoral-promises.md) | +0.2% | -4.5% |
| SOY | 2018-01-15 | [Brazil forecasts 110m tons of soybeans and 25m tons of corn in 2017/18 harvest — MercoPress](https://feedsoft.ai/events/66834-brazil-forecasts-110m-tons-of-soybeans-and-25m-tons-of-corn-in-2017-18-harvest.md) | +4.3% | +6.1% |
| SBM | 2026-09-15 | [Argentina's Soybean Area Set to Expand to 17 Million Hectares for 2026/27](https://feedsoft.ai/events/13777-argentina-s-soybean-area-set-to-expand-to-17-million-hectares-for-2026-27.md) | +4.4% | +7.9% |
| SBM | 2026-09-30 | [BAGE forecasts Argentina’s soybean crop at 53.6 mln tons](https://feedsoft.ai/events/13774-bage-forecasts-argentina-s-soybean-crop-at-53-6-mln-tons.md) | -1.3% | -3.9% |
| SBM | 2024-11-27 | [Argentina’s soybean area updated while wheat output forecast at 17.6 million tonnes](https://feedsoft.ai/events/13892-argentina-s-soybean-area-updated-while-wheat-output-forecast-at-17-6-million.md) | -0.4% | +4.2% |

## Sources

- en.mercopress.com: https://en.mercopress.com/2019/06/15/good-sales-prospects-from-china-for-argentina-s-56-million-tons-of-soybeans

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