
The USDA December report expects Argentina's soybean exports to reach a six-year high of 8.3 million tons in 2025/26, while soybean meal and oil exports fall to 29 million and 6.2 million tons. The decline is driven by lower soybean output and reduced crush availability before the new harvest.
Lower Argentine meal and oil exports reduce global availability of these products, supporting soybean meal and oil prices.
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.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), 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.