Trump trade war fallout hits Argentine soy crushers despite export boom

Group 1 - The U.S.-China trade war has negatively impacted Argentina's soy crushing industry despite a six-year high in overall soybean sales [1] - Idle capacity at Argentina's crushing facilities rose to 31% in July, indicating a growing issue for local processors [2] - The trade conflict has resulted in fewer jobs and lower export value for Argentina's oilseed industry, according to industry leaders [3] Group 2 - Exports of unprocessed soybeans from Argentina have surged to 8.81 million metric tons for the 2024/25 harvest, driven by strong demand from China [4] - China, as the largest soybean customer, is purchasing raw beans to process domestically, with a significant portion of Argentina's harvest still unsold [5] - The future of Argentina's bean exports is uncertain and heavily dependent on the developments in U.S.-China trade relations, particularly with a trade waiver expiring in November [5]