# Trade-war crop rout imperils government's bid to revive economy | Buenos Aires Times

> Argentina's President Macri needs a large autumn harvest worth over US$20 billion in export revenue to revive the economy before October elections. Soybean prices remain near multiyear lows amid the US-China trade war, limiting the windfall from big bean and corn crops. The article notes the 2018 drought and recession that weighed on the economy.

- Date: 2019-05-16 · published 2019-05-16T12:00:00.000Z
- Category: trade · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/58925-trade-war-crop-rout-imperils-government-s-bid-to-revive-economy-buenos-aires
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Argentine farmers' selling decisions depend on depressed soybean prices, and a weak peso encourages exports, so meal and oil supply could stay ample and cap prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- USDARS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-10-02 | [U.S. farmers receive $14.03 billion so far in government trade aid](https://feedsoft.ai/events/56547-u-s-farmers-receive-14-03-billion-so-far-in-government-trade-aid.md) | +0.1% | -0.1% |
| SOY | 2026-05-06 | [Argentina fights to save huge soy exports after Dutch rejections \| Buenos Aires Times](https://feedsoft.ai/events/13796-argentina-fights-to-save-huge-soy-exports-after-dutch-rejections-buenos-aires.md) | +1.5% | -3.5% |
| SOY | 2018-09-26 | [Graphic: Crop chop - China shuns U.S. soybeans amid trade war, turns to Brazil](https://feedsoft.ai/events/63061-graphic-crop-chop-china-shuns-u-s-soybeans-amid-trade-war-turns-to-brazil.md) | +2.4% | +1.4% |
| SOY | 2018-11-30 | [U.S. Ag Sales to China to Fall by 45% in Trade War](https://feedsoft.ai/events/61933-u-s-ag-sales-to-china-to-fall-by-45-in-trade-war.md) | +3.3% | -0.5% |
| SOY | 2018-08-22 | [China's COFCO Meat imports pork from Chile, Europe as U.S. trade war bites](https://feedsoft.ai/events/63547-china-s-cofco-meat-imports-pork-from-chile-europe-as-u-s-trade-war-bites.md) | -6.2% | -5.1% |
| SBM | 2026-04-22 | [US$30bn export deluge gives Milei chance to rebuild reserves \| Buenos Aires Times](https://feedsoft.ai/events/19998-us-30bn-export-deluge-gives-milei-chance-to-rebuild-reserves-buenos-aires-times.md) | +2.8% | +3.8% |
| SBM | 2026-05-06 | [Argentina fights to save huge soy exports after Dutch rejections \| Buenos Aires Times](https://feedsoft.ai/events/13796-argentina-fights-to-save-huge-soy-exports-after-dutch-rejections-buenos-aires.md) | +4.1% | +1.9% |
| SBM | 2018-09-26 | [Graphic: Crop chop - China shuns U.S. soybeans amid trade war, turns to Brazil](https://feedsoft.ai/events/63061-graphic-crop-chop-china-shuns-u-s-soybeans-amid-trade-war-turns-to-brazil.md) | +1.6% | +1.5% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/trade-war-crop-rout-imperils-governments-bid-to-revive-economy.phtml

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