# Argentina Reclaims Top Spot in Global Soybean Meal Market After Overcoming 2023 Drought - DatamarNews

> According to the Rosario Board of Trade, Argentina has regained the top spot as the world's largest soybean meal exporter. Its first-half 2024 meal exports rose 46% to nearly 14 million tonnes, ahead of Brazil at 11.7 million and the US at 7.8 million.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/13909-argentina-reclaims-top-spot-in-global-soybean-meal-market-after-overcoming-2023
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Stronger Argentine meal export volumes add competition for buyers in key markets and weigh on world soymeal prices, although idle crushing capacity limits the extent.

## Read by commodity

- SBM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-09-07 | [Brazil Breaks Soybean Export Record and Displaces Argentina in the Global Soybean Meal Market - farmdoc daily](https://feedsoft.ai/events/14814-brazil-breaks-soybean-export-record-and-displaces-argentina-in-the-global.md) | -1.1% | -8.6% |
| SBM | 2019-05-28 | [A changing global soybean market](https://feedsoft.ai/events/59137-a-changing-global-soybean-market.md) | +6.7% | +5.7% |
| SBM | 2026-10-22 | [Soybeans Market: India Squeezed by Cheaper Argentine and Brazilian Meal — CMB News](https://feedsoft.ai/events/500-soybeans-market-india-squeezed-by-cheaper-argentine-and-brazilian-meal-cmb-news.md) | -2.7% | — |
| SBM | 2024-03-25 | [Argentina soymeal exports set to rise \| Latest Market News](https://feedsoft.ai/events/13933-argentina-soymeal-exports-set-to-rise-latest-market-news.md) | -2.4% | +1.0% |
| SBM | 2025-06-09 | [Decline of China's Soybean Meal Market Amid Rising Imports](https://feedsoft.ai/events/24312-decline-of-china-s-soybean-meal-market-amid-rising-imports.md) | -1.2% | -9.3% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/argentina-reclaims-top-spot-in-global-soybean-meal-market-after-overcoming-2023-drought/

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