Argentine farmers have already sold more than 2.5 million tons of soybeans thanks to the soy dollar

Published 2023년 9월 20일

Tridge summary

Argentine farmers have sold 2.64 million tons of soybeans under the soy dollar scheme, with 1.9 million tons sold under new contracts. Most of the oilseed exports, reaching 0.66 million tons, were sent to China. Meanwhile, Brazil reduced its soybean exports to 1.4 million tons between September 11 and 17, although September's total volume of oilseed shipments still exceeded last year's figures. The United States increased soybean exports to 393 thousand tons, primarily to China, Mexico, and Western Europe.

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Original content

Argentine farmers are actively selling soybeans under the soy dollar scheme, selling 2.64 million tons of oilseeds between September 5 and 15, according to Oil World (Germany). Of the indicated volume, 1.9 million tons were sold under new contracts. It is also noted that export sales of oilseeds reached 0.66 million tons (with shipment in October-November), mainly in the direction of China. In turn, Brazil seasonally reduces the export of soybeans - to 1.4 million tons in the period September 11-17, although in total in September the volume of oilseed shipments reached 3.5 million tons, which is higher than the same period last year (2.6 million tons). The United States last week (September 7-14) increased exports of soybeans to 393 thousand tons against 374 thousand tons in ...

Source: Oilworld