# Argentina farmers sit on beans awaiting weaker peso, lower taxes

> Argentine farmers carried over a record share of the 2016/17 soybean crop, with only 74% sold by the end of 2017. Growers are holding beans while export taxes fall and the peso is expected to weaken. Sellers are also using soybeans as a store of value amid high inflation.

- Date: 2018-01-09 · published 2018-01-09T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/66850-argentina-farmers-sit-on-beans-awaiting-weaker-peso-lower-taxes
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Slow farmer selling tightens near-term export supplies of soybeans and meal, supporting world soybean and meal prices until farmers release stocks.

## 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 | 2019-04-03 | [Farmers delay pricing soy in Argentina trade-currency wager](https://feedsoft.ai/events/59634-farmers-delay-pricing-soy-in-argentina-trade-currency-wager.md) | -0.1% | -6.7% |
| 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 | 2025-10-27 | [After the Bell \| Soybeans surge on trade deal news - Pro Farmer](https://feedsoft.ai/events/4790-after-the-bell-soybeans-surge-on-trade-deal-news-pro-farmer.md) | +5.6% | +8.0% |
| SOY | 2022-08-04 | [Argentine farmers withhold corn, soybeans 04.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/14018-argentine-farmers-withhold-corn-soybeans-04-08-2022-ukragroconsult.md) | +8.4% | -3.2% |
| 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 | 2019-04-03 | [Farmers delay pricing soy in Argentina trade-currency wager](https://feedsoft.ai/events/59634-farmers-delay-pricing-soy-in-argentina-trade-currency-wager.md) | -0.5% | -4.7% |
| SBM | 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) | -2.9% | -12.1% |

## Sources

- agricensus.com: https://www.agricensus.com/Article/Argentina-farmers-sit-on-beans-awaiting-weaker-peso-lower-taxes-496.html

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