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Brazilian soybean meal spot prices firmed as FOB Paranagua reached $327.38/mt on Feb. 26, moving above Argentine FOB Up River at $323.53/mt.
The move reflects doubts over Argentine processing capacity amid the SOEA strike threat tied to Vicentin wages.
Buyers are shifting to Brazilian meal to cover nearby needs, which supports Brazilian meal prices and the spread against Argentina.
ukragroconsult.comFeb 28, 2025
spglobal.comFeb 27, 2025Not enough comparable past events yet for a historical read.
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.
