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The USDA attaché in Buenos Aires forecast Argentine 2024/25 soybean exports at 7 million tonnes, above the USDA's 4.5 million, citing lower export taxes from January 27 to June 30. The attaché also differed on crush, ending stocks and meal estimates, while agreeing on a 49 million tonne harvest.
Higher expected Argentine export volumes add supply to world markets and weigh on soybean and meal prices. The export tax cut encourages farmers to sell more.
farmtario.comGlen HallickMar 14, 2025After 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.
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.
