News of soy

Argentina moves to deepen soy waterway to ship bigger cargoes

20-11-2024 10:56 Argentina publishes terms of long-awaited tender for contractors to dredge waterway that ships billions of dollars of crops a year to global markets.

AGRICULTURE & ECONOMY

US soy is so cheap that even rival Argentina is buying it

16-09-2024 16:39 Argentina, the world’s biggest exporter of processed soybean meal and oil, is set to bring in whole beans from the United States for the first since 2019.

AGRICULTURE & ECONOMY

Soybean crushers strike just as harvest gathers pace

29-04-2024 17:54 Workers at soy-processing plants have gone on strike just as farmers are collecting the crop.

AGRICULTURE & ECONOMY

US green fuel push threatens Argentina’s main export market

14-03-2024 15:56 Biden administration’s landmark decarbonisation plan has the potential to cause tectonic shifts in global agricultural markets – and deal a damaging blow to Argentina’s troubled economy.

AGRICULTURE & ECONOMY

Bumper Argentina soy, corn crops forecast to get even bigger

26-01-2024 14:43 This year's soybean and corn harvests in Argentina may be even bigger than previously thought.

AGRICULTURE & ECONOMY

Argentina's best soy crop in five years set to be boon for Milei

11-01-2024 16:59 Argentina is on course to produce its best soybean crop in five seasons – 52 million metric tones.

AGRICULTURE & ECONOMY

Argentina pushes to get out of farming time warp with better GMO seeds

05-01-2024 13:58 New government is seeking to make its decades-old rules governing patented seed technology fit for the modern era.

AGRICULTURE & ECONOMY

Election result gives soymeal traders a new factor to weigh

20-11-2023 17:58 Javier Milei, who takes office December 10, has proposed dropping the peso and dollarising Argentina's economy. Such a move could boost farmer sales of soybeans, since they’d rather be paid in US dollars than a weaker local currency.

AGRICULTURE & ECONOMY

Argentina running out of soy adds to next president’s economic woes

16-11-2023 19:05 After the worst drought in six decade, farmers are running out of the very commodity that fuels Argentina’s economy.

ELECTION 2023

Fed-up farmers lean towards outsider Milei

14-11-2023 15:38 The countryside, one of the prime engines of Argentina’s economy, is arriving to the presidential run-off full of uncertainty.

Election 2023: the rural vote

On the pampas, farmers are all in on Milei

10-11-2023 13:06 Argentina's agriculture industry — which accounts for 20% of gross domestic product — portrays the coming election as existential. And the preference of many rural producers is Javier Milei.

Agriculture

Vicentin at risk if US$1.3-billion rescue deal rejected

03-11-2023 17:23 Vicentin SAIC, which has been battling an Argentine court to get the plan approved, would struggle to survive if its US$1.3-billion rescue deal is rejected.

AGRICULTURE & ECONOMY

World's largest crop trading houses tell Argentina to loosen its grip on soy

27-09-2023 12:43 Officials from three of the world's largest crop trading houses have urged Argentina to loosen government restrictions and export taxes on soy production.

AGRICULTURE & ECONOMY

'Soy dollar' back with 25% foreign currency available to exporters

05-09-2023 12:17 Fifth edition of the 'Export Increase Programme' this time does not include unique exchange rate; Applies to exporters from last 18 months; Details of the new decree and the sector's reaction.

Agriculture

Drought slashes 2022/2023 soybean production by 51.5%

04-07-2023 16:56 Impact of punishing drought on Argentina’s crops laid bare as new report reveals soybean production came in at 21 million tons – less than half of last year’s harvest.

AGRICULTURE & ECONOMY

Bunge-Viterra deal likely to face Argentina anti-trust scrutiny

14-06-2023 08:04 Bunge's deal to buy Viterra will create an agriculture giant that’s likely to face anti-trust scrutiny in Argentina, the world’s largest exporter of soy products.

FINANCIAL TURBULENCE

Massa rejects devaluation speculation as peso sinks

22-04-2023 08:13 Revealing WhatsApp message from Economy Minister Sergio Massa denies market speculation about president's imminent resignation and potential currency devaluation.

DOLLARS & RESERVES

Government's bid to bring in dollars stumbles as peso falls faster

20-04-2023 15:09 Soybean exporters, who are temporarily allowed to sell dollars at a rate of 300 pesos per dollar compared to the official rate at 218, didn’t sell a single greenback Wednesday – the first day of no sales since the policy kicked in.

AGRICULTURE & ECONOMY

Argentina's maize and soybean harvest forecast trimmed again

11-04-2023 18:12 Argentina's soybean and corn production will be lower than previously thought due to drought, predicts US government, as it lowers forecasts for soybean crop to 27 million tons and maize to 37 million tons.

EXCHANGE RATE SCHEME

Governors push back on criticism of Massa’s ‘dolár agro’ scheme

06-04-2023 19:27 New plan offers a rate of 300 pesos per greenback for agro-industrial exports; Governors push back from criticism from agricultural producers.

ECONOMY & AGRICULTURE

Historic drought adds to Argentina’s economic woes

06-04-2023 15:26 Argentina's worst drought in almost 100 years is decimating critical soy, wheat and corn production, damaging the income of farmers, producers – and the government.

POLITICS & ECONOMY

Mixed reaction as Massa looks to boost reserves with ‘dolár agro’ rate

06-04-2023 01:09 Economy minister unveils Programa de Incremento Exportador, otherwise known as a third incarnation of the ‘soy dollar’ scheme; New plan will offer a rate of 300 pesos per greenback for agro-industrial exports and introduce automatic benefits for producers affected by drought.

DOLAR AGRO

Argentina rolls out special exchange rate to prop up reserves

05-04-2023 19:16 Argentina will once again introduce a temporary exchange rate for soybean exports and other products in an elaborate attempt to shore up dwindling Central Bank reserves amid a devastating drought.

NEW EXCHANGE RATE

Argentina debuts ‘Dollar Malbec’ to aid exports amid drought

31-03-2023 10:16 Economy Minister Sergio Massa confirmed Thursday he’s rolling out a temporary, subsidised exchange rate for wine and other agriculture products, dubbed the “Dollar Agro” or “Dollar Malbec” by the local press.

Agriculture

Argentina soy crop forecast slashed to smallest on record

20-03-2023 10:51 Buenos Aires Grain Exchange slashes soy crop forecast to 25 million metric tons, potentially the smallest harvest since it began keeping records in 2001.

DROUGHT

Argentina’s worst drought in memory lands new blow to economy

09-03-2023 13:36 Gross domestic product in South America’s second-largest economy, which desperately needs US dollars, will shrink 3 percent this year, worse than the previous forecast for a 1.5 percent contraction, as one of the worst droughts in recent memory ravages crucial farm exports.

Agriculture

Soy climbs as USDA slashes Argentina's crop estimate by 20%

08-03-2023 21:23 Maize and soybean crops in Argentina are in even worse shape than previously thought, according to US estimates.

BLOOMBERG - ANALYSIS

Four economic alarm bells sound in Argentina

08-02-2023 22:31 Argentina’s economy received a wave of bad news this week, worsening an already dire economic outlook ahead of presidential elections this year.

AGRICULTURE & ECONOMY

Report: Losses from severe drought could exceed US$10 billion

20-01-2023 13:00 Economy Minister Sergio Massa meets with Mesa de Enlace to discuss the situation as soybean crop estimates are slashed; Agricultural losses for farmers expected to total US$10 billion, could knock two points off GDP this year.