# The issue is that Argentina simply doesn’t have the beans

> Analysts suggest China may be obtaining US soybeans indirectly by buying from Argentina, which has been purchasing US beans. Standard Grain's Joe Vaclavik says this is unlikely because Argentina's drought left it short of supply. Argentina booked 850,000 tonnes of US soybeans since September and plans to ship 1.8 million tonnes to China in the coming months.

- Date: 2018-10-01 · published 2018-10-01T12:00:00.000Z
- Category: trade · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/62387-the-issue-is-that-argentina-simply-doesn-t-have-the-beans
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Argentine imports of US beans to re-export to China would indicate sustained overall soybean demand. Argentina's shortfall means it needs US supply, which supports US soybean export prices.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-05-01 | [Netherlands Rejects Argentina Soy Meal Cargoes Over GMO Issue](https://feedsoft.ai/events/12284-netherlands-rejects-argentina-soy-meal-cargoes-over-gmo-issue.md) | -0.4% | +0.4% |
| 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 | 2021-10-05 | [Is Argentina’s Soy Boom Over? - Transport Energy Strategies](https://feedsoft.ai/events/44403-is-argentina-s-soy-boom-over-transport-energy-strategies.md) | -0.6% | +0.1% |
| SOY | 2026-10-21 | [Argentina plans to increase soybean crush and exports in 2026/27](https://feedsoft.ai/events/13773-argentina-plans-to-increase-soybean-crush-and-exports-in-2026-27.md) | -1.3% | — |
| SOY | 2026-07-17 | [Argentina’s soybean industry becomes increasingly dependent on imports from Paraguay](https://feedsoft.ai/events/13784-argentina-s-soybean-industry-becomes-increasingly-dependent-on-imports-from.md) | +3.6% | -2.2% |

## Sources

- koel.com: https://koel.com/china-may-be-getting-u-s-soybeans-through-the-backdoor/

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