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Crude oil became Argentina's top export in January to September 2026, earning US$7.753 billion, up 58.6% year on year. Soybean meal followed at US$6.971 billion, up 7.4%, ending its long run as the leading export since 2002.
Argentina is the world's largest soybean meal exporter, so shifting export mix reflects high oil prices rather than weaker meal demand. Meal export values still rose, so the effect on meal prices is limited.
argenfields.comNewsroom ArgenFieldsNov 15, 2026After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
