
Buenos Aires Grains Exchange projects Argentine soybean plantings at 17 million hectares for 2026/27, up 1.2% from 16.8 million. Northern farmers are shifting land from corn to soybeans because of leafhopper pressure, while central and southern regions favour corn.
Expanded soybean area adds future bean and meal supply, which is bearish for soy products. Corn acreage shifts in the north tighten corn supply locally, partially offsetting that effect.
After 788 past bearish report events, Soybeans 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, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.