# Crude oil overtook soybean meal with exports worth US$ 7.753 billion

> 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.

- Date: 2026-11-15 · published 2026-11-15T18:06:10.799Z
- Category: trade · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/101493-crude-oil-overtook-soybean-meal-with-exports-worth-us-7-753-billion
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-12-03 | [Trump’s trade war sees US soybean exports heading south](https://feedsoft.ai/events/61762-trump-s-trade-war-sees-us-soybean-exports-heading-south.md) | -0.1% | +0.9% |
| SBM | 2024-08-29 | [To Crush or Not to Crush? - U.S. Soybean Export Council](https://feedsoft.ai/events/28887-to-crush-or-not-to-crush-u-s-soybean-export-council.md) | +3.2% | +4.6% |
| SBM | 2021-06-11 | [2021 Soybeans – to crush or export?](https://feedsoft.ai/events/46671-2021-soybeans-to-crush-or-export.md) | -4.8% | -5.6% |
| SBM | 2025-08-07 | [China soybean imports hit record July high on strong Brazil exports, US trade uncertainties \| Reuters](https://feedsoft.ai/events/12452-china-soybean-imports-hit-record-july-high-on-strong-brazil-exports-us-trade.md) | +4.3% | +2.2% |
| SBM | 2023-05-25 | [Ukraine sharply increased exports of soybean and sunflower meal in 2022/23 MR](https://feedsoft.ai/events/36067-ukraine-sharply-increased-exports-of-soybean-and-sunflower-meal-in-2022-23-mr.md) | -2.3% | +6.9% |
| WTI | 2019-09-16 | [U.S. crude export demand surges after attack on Saudi facilities](https://feedsoft.ai/events/5708-u-s-crude-export-demand-surges-after-attack-on-saudi-facilities.md) | +5.8% | -0.1% |
| WTI | 2025-05-13 | [Crude oil climbs more than $1.60 a barrel on tariff cuts, economic outlook \| Reuters](https://feedsoft.ai/events/24842-crude-oil-climbs-more-than-1-60-a-barrel-on-tariff-cuts-economic-outlook-reuters.md) | +1.1% | +4.1% |
| WTI | 2018-06-05 | [China reportedly offered to buy nearly $70 billion of US agriculture, energy products](https://feedsoft.ai/events/64397-china-reportedly-offered-to-buy-nearly-70-billion-of-us-agriculture-energy.md) | +2.1% | +14.1% |

## Sources

- argenfields.com: https://www.argenfields.com/en/noticias/el-crudo-desplazo-a-la-harina-de-soja-con-exportaciones-por-us-7-753-653005

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.