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The USDA FAS Buenos Aires office kept its 2025/26 Argentine soybean production forecast at 48 MMT on 16.5 million hectares planted, after February rain stabilized crops following January dryness. It put soybean crush at 43 MMT and raised 2025/26 sunflowerseed production to 5.8 MMT, with record sunflower exports projected.
A steady soybean crop with strong crush keeps meal and oil supply firm, which limits downside in soymeal prices. Higher sunflower output adds some competing meal supply.
fas.usda.govFeb 1, 2026After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
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.
