# Mind the gap in soybean meal - Walsh Trading

> March soybean meal gapped lower on January 23 after Argentina announced export tax cuts effective January 27 through June. The article notes Argentina's 2024/25 soybean crop forecast at 52.0 million tons by USDA and 49.6 million by the Buenos Aires Grain Exchange. Persistent heat and dryness are hurting summer crops.

- Date: 2025-01-27 · published 2025-01-27T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13885-mind-the-gap-in-soybean-meal-walsh-trading
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected farmer selling from Argentina's tax cut adds supply to soymeal, while drought-linked yield risk limits downside, so prices are pulled in both directions.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-06-13 | [Soybean Oil Limit Up, Soybeans Soar on Friday - Walsh Trading](https://feedsoft.ai/events/5342-soybean-oil-limit-up-soybeans-soar-on-friday-walsh-trading.md) | -3.4% | -9.4% |
| SBM | 2022-09-22 | [China to Cut Soybean Meal in Livestock Feed \| Feed & Grain](https://feedsoft.ai/events/39574-china-to-cut-soybean-meal-in-livestock-feed-feed-and-grain.md) | -6.3% | -9.1% |
| SBM | 2021-08-15 | [Feeding: The way is clear for animal meal](https://feedsoft.ai/events/45671-feeding-the-way-is-clear-for-animal-meal.md) | -1.4% | -3.9% |
| SBM | 2017-11-28 | [Soybean meal: lower export duties in Argentina](https://feedsoft.ai/events/67812-soybean-meal-lower-export-duties-in-argentina.md) | +2.5% | -3.6% |
| SBM | 2024-08-01 | [Will US court ruling affect demand for soybean oil and meal?](https://feedsoft.ai/events/12100-will-us-court-ruling-affect-demand-for-soybean-oil-and-meal.md) | -3.0% | -10.1% |
| SOY | 2022-01-05 | [India sets stock limits on soybean meal \| World Grain](https://feedsoft.ai/events/5770-india-sets-stock-limits-on-soybean-meal-world-grain.md) | -0.1% | +12.1% |
| SOY | 2022-09-22 | [China to Cut Soybean Meal in Livestock Feed \| Feed & Grain](https://feedsoft.ai/events/39574-china-to-cut-soybean-meal-in-livestock-feed-feed-and-grain.md) | -3.6% | -6.1% |
| SOY | 2019-11-20 | [A trade deal with China could end up hurting the U.S. soybean market -Braun](https://feedsoft.ai/events/55913-a-trade-deal-with-china-could-end-up-hurting-the-u-s-soybean-market-braun.md) | -3.0% | +1.9% |

## Sources

- walshtrading.com: https://walshtrading.com/mind-the-gap-in-soybean-meal/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.