
USDA FAS forecasts Argentina's MY2026/27 soybean crop at 52.5 MMT, four percent above the prior season, with crush at 44.8 MMT, the second-highest on record. Sunflower production is forecast at a record 7.4 MMT with crush at 6.0 MMT, and peanut output is expected to rebound to 1.56 MMT.
Larger Argentine soybean and sunflower supplies, especially meal and oil from expanded crush, add to global meal and oil availability and weigh on prices. Higher input costs and rainfall risk are the main offsetting uncertainties.
After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
Not enough comparable past events yet for a historical read.
After 114 past neutral report events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% 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.