# Argentina seeks soybean sales in China - DatamarNews

> Argentina is pushing to increase agricultural trade with China and export locally processed soymeal, citing a record 145 million ton agricultural harvest forecast for 2018/19. The soymeal sector generates about $9.2 billion in export revenue.

- Date: 2019-04-24 · published 2019-04-24T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/59437-argentina-seeks-soybean-sales-in-china-datamarnews
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A large Argentine crop and its push into China's meal market add competition for soybean and meal exports, which is bearish for global meal prices if approved.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-12-02 | [China buys Brazilian and North American soybeans after falling prices - DatamarNews](https://feedsoft.ai/events/43636-china-buys-brazilian-and-north-american-soybeans-after-falling-prices.md) | +2.0% | +13.8% |
| SBM | 2019-01-30 | [What Soybean Politics Tell Us About Argentina and China](https://feedsoft.ai/events/60938-what-soybean-politics-tell-us-about-argentina-and-china.md) | -0.7% | -2.2% |
| SBM | 2021-11-03 | [Argentina: Soybean exports in 2020/21 reached 33.1](https://feedsoft.ai/events/14073-argentina-soybean-exports-in-2020-21-reached-33-1.md) | +0.7% | +3.5% |
| SBM | 2022-01-26 | [China’s soybean crush margins worsen \| Latest Market News](https://feedsoft.ai/events/12640-china-s-soybean-crush-margins-worsen-latest-market-news.md) | +9.9% | +13.9% |
| 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% |
| SOY | 2017-08-25 | [Argentina: Soybean Industry Finds a Friend in China](https://feedsoft.ai/events/69283-argentina-soybean-industry-finds-a-friend-in-china.md) | -0.5% | +4.6% |
| SOY | 2019-08-20 | [Chinese prefer Brazilian soybeans - DatamarNews](https://feedsoft.ai/events/57650-chinese-prefer-brazilian-soybeans-datamarnews.md) | -0.0% | +4.7% |
| SOY | 2021-12-02 | [China buys Brazilian and North American soybeans after falling prices - DatamarNews](https://feedsoft.ai/events/43636-china-buys-brazilian-and-north-american-soybeans-after-falling-prices.md) | +2.7% | +8.1% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/argentina-seeks-soybean-sales/

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