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Gustavo Idígoras, head of Argentina's oilseed industry chamber Ciara-CEC, said soybean sales are running behind schedule and the harvest will not reach 10 million tonnes of sales. He said the crop is below 22 million tonnes with poor quality from green grains caused by drought.
He also cited an unsettled currency market and low prices.
Slow farmer selling and drought-damaged quality reduce Argentine soymeal and oil supply to the export market, but weak prices and currency uncertainty are holding back sales, which pressures soybean prices and keeps crush margins under strain.
monitorgremial.com.arNov 2, 2026After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
