# Farmers delay pricing soy in Argentina trade-currency wager

> Argentine soybean farmers have delayed pricing about three quarters of the 12.2 million tons sold so far, versus 60% a year earlier. They are betting on a US-China trade breakthrough and expect the peso to keep depreciating.

- Date: 2019-04-03 · published 2019-04-03T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/59634-farmers-delay-pricing-soy-in-argentina-trade-currency-wager
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Slower farmer selling holds back Argentine soybean and meal supply, which can support prices, while the peso's weakness shapes export pricing.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-05-20 | [Argentina Peso (USD ARS) News: Farmers Bet on Weaker Currency - Bloomberg](https://feedsoft.ai/events/52970-argentina-peso-usd-ars-news-farmers-bet-on-weaker-currency-bloomberg.md) | +0.7% | +3.4% |
| SOY | 2024-07-01 | [Argentina Soybean Sales Stall in June as Currency Gap Widens](https://feedsoft.ai/events/13910-argentina-soybean-sales-stall-in-june-as-currency-gap-widens.md) | +2.1% | -8.3% |
| SOY | 2018-01-09 | [Argentina farmers sit on beans awaiting weaker peso, lower taxes](https://feedsoft.ai/events/66850-argentina-farmers-sit-on-beans-awaiting-weaker-peso-lower-taxes.md) | +1.0% | +2.9% |
| SOY | 2023-11-23 | [Exclusive: Argentina grains trade 'paralyzed' as farmers eye FX adjustment, bean shortage](https://feedsoft.ai/events/13945-exclusive-argentina-grains-trade-paralyzed-as-farmers-eye-fx-adjustment-bean.md) | -1.0% | -4.4% |
| SOY | 2022-10-12 | [Argentine farmers' soy sales to dwindle, as elections and La Nina overshadow 2023 - Grain Price News](https://feedsoft.ai/events/14001-argentine-farmers-soy-sales-to-dwindle-as-elections-and-la-nina-overshadow-2023.md) | -0.3% | +4.9% |
| SBM | 2020-05-20 | [Argentina Peso (USD ARS) News: Farmers Bet on Weaker Currency - Bloomberg](https://feedsoft.ai/events/52970-argentina-peso-usd-ars-news-farmers-bet-on-weaker-currency-bloomberg.md) | -0.9% | +1.1% |
| SBM | 2024-07-01 | [Argentina Soybean Sales Stall in June as Currency Gap Widens](https://feedsoft.ai/events/13910-argentina-soybean-sales-stall-in-june-as-currency-gap-widens.md) | +3.5% | -2.1% |
| SBM | 2018-01-09 | [Argentina farmers sit on beans awaiting weaker peso, lower taxes](https://feedsoft.ai/events/66850-argentina-farmers-sit-on-beans-awaiting-weaker-peso-lower-taxes.md) | +1.7% | +4.5% |

## Sources

- ajot.com: https://www.ajot.com/news/farmers-delay-pricing-soy-in-argentina-trade-currency-wager

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