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At the current price, the soybean crop is worth $ 22.5 billion

admin by admin
January 12, 2021
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The rebound of soybean price, which touches maximum peaks in 6 years, increases the value of the Argentine oilseed crop that with current prices would generate $ 22.5 billion for exports of “beans”, flour and oil.

“Estimating an exportable balance close to 7.5 million tons of soybeans, 27.7 million of flour / pellets and 5.1 million in oil exports, the total income of the campaign from exports could reach 22,500 million dollars ”, specifies a report from the Rosario Stock Exchange, prepared by Julio Calzada, Alberto Lugones and Javier Treboux.

The revaluation in the prices of the products of the main export complex in the country They could increase the income of foreign currency from their export by 37%, according to the projections of the Rosario Stock Exchange.

Obviously, the projection is valid as long as these prices are maintained for the next few months, as the soybean harvest is marketed. He bullish soybean rally It is related to the drought in Brazil and Argentina – two key producers – and the growth in demand from China.

It is necessary to clarify that for this calculation a distribution of monthly shipments similar to the average of the last campaigns has been assumed. In turn, the strong assumption is used that the entire exportable balance, which shortly after sowing is a tentative projection, is traded at last Wednesday’s prices.

“In other words, the prices of the merchandise already marketed are ignored, and it is assumed that the prices at which sales abroad are set in the future will be given by current values,” the report concludes.

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