USDA's December 2025 Oilseeds report forecasts Argentina's 2025/26 soybean exports at 8.3 million tons, the highest in six years, even though production is forecast down 2.6 million tons to 48.5 million tons. The export surge follows temporary export tax cuts in September.
Strong Argentine export sales draw supply from the crush market and tighten domestic availability, which supports soybean prices while meal and oil exports are forecast to slip.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.