Argentina: The sales boom for the soybean dollar continues, more than 3 million tons were traded
Soybean
Argentina
Published Sep 9, 2022
Tridge summary
This Wednesday the producers sold one million tons of soybeans and in the first three days that the soybean dollar began to work, it has already exceeded 3 million tons. Given this volume, exporters entered more than US$ 1,000 million and the Government is excited to exceed the US$ 5,000 million that were raised.
Original content
This Wednesday the producers sold one million tons of soybeans and in the first three days that the soybean dollar began to work, it has already exceeded 3 million tons. Given this volume, exporters entered more than US$ 1,000 million and the Government is enthusiastic about exceeding the US$ 5,000 million that were raised According to the analysis of the Rosario Stock Exchange based on the SIO-Granos, one million tons were sold on Wednesday, including both new sales contracts and settlements of operations arranged before Wednesday, and excluding cancellations. With this, the total business with soybeans in the domestic market since the entry into force of the Export Increase Program amounts to 3.1 million tons. To compare, on Thursday the 1st of the current month, when the incentive for producers was not yet in place, sales had reached 70,000 tons. With respect to the operations recorded yesterday, the main items in registration volume were the new purchase and sale contracts ...
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