With Retentions, Nothing Comes Out the Soy Complex Stopped Exporting After July 1
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4 Articles
After the acceleration in the liquidation of soybean exports during June, once the threat of the return of retentions has been known, the government will ...
On Friday, the Buenos Aires Stock Exchange published its final report on the closure of the soybean campaign, in which it confirmed a bittersweet scenario for the production of oilseed in Argentina. Although the quantity of tons harvested was good, reaching even the highest figure in six campaigns, the sharp drop in international prices caused the economic contribution of this crop - the country’s main dollar generator - to decrease substantiall…
The last official data available, corresponding to July 2 – that is, after the end of the regime of temporary reduction of export duties -, showed that 25,57 million tons of soya 2024/25 had been marketed, of which 5,33 million tons had open price (operations “to be fixed”). On the other hand, the open interest of the contracts of Soja Rosario of the market A3 corresponding to the 2024/25 year totals 1,20 million tons to date. That implies, cons…
The price of Argentine soy (Rosario) measured in constant dollars, that is, deflated by the inflation of the United States, is in historical minimums with the lowest level of the last two decades. In the case of Rosario corn, according to a graph prepared by the consultant Globaltecnos, the values in constant dollars are below the historical average, but – for now – did not reach a catastrophic situation.
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