The Argentine FOB market for soybeans is quiet to start this week. Sellers are quoting $0.60X for October and November shipments (protein 34/33), but another factor is making this origin uncompetitive against others. Soybeans International Market Dynamics The soybean market has been very slow the past few weeks with Chinese demand absent due to lower crush margins ($10/MT on Brazilian or U.S. soybeans). The spot market remains under pressure from the big U.S. Pacific Northwest (PNW) discount. This origin has been aggressively selling in the past few weeks. The PNW/U.S. Gulf (USG) and PNW/Brazil spreads are each around $0.30/bushel for CNF shipments versus the typical $0.15/bushel and $0.20/bushel, respectively. As such, the PNW has been...