Argentina’s soy crush hit 19-year low in 2023

After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.

• Dec 14, 2021Argentina bourse doubles down on drought risk for soy, corn | Buenos Aires Times+0.5%
• Jun 13, 2023Argentina soy, corn trucks entering key grains port at 22-year low+4.3%
• Nov 10, 2023November 11th - Soyabean crushing in Argentina - Antares Ship Agents+3.6%
• Mar 21, 2023Argentine Soybean Crushers in “Crisis Mode”-3.5%
• Oct 9, 2025La Niña forecast raises early alarm bells for Milei’s Argentina | Buenos Aires Times+1.3%

After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% over 20.

• Mar 21, 2023Argentine Soybean Crushers in “Crisis Mode”-4.8%
• Oct 9, 2025La Niña forecast raises early alarm bells for Milei’s Argentina | Buenos Aires Times-0.6%
• Apr 24, 2023Argentina Soybean Crop Smallest in 25 Years Due to Historic Drought - AgWeb-1.4%
• May 8, 2023Argentina’s soybean crushers likely to face headwinds until next harvest: Bunge-2.5%
• Jan 4, 2023Argentina's soy, corn may hinge on La Nina's exit after dry 2022 | Reuters+1.2%

After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.

• Jan 29, 2025U.S. grains: Corn futures hit over one-year high on Argentine weather worries - AgCanada+2.9%
• Dec 30, 2022La Nina Remained in Control for Crop Year, Became Most Influential 2022 Ag Story-0.5%
• Mar 16, 2018Argentine soybean losses likely priced in - Brownfield Ag News-1.1%
• Feb 4, 2021Argentina's corn and soy crops pull away from stricken 2018 harvest - Markets - Business Recorder-1.3%
• Jan 14, 2019In flooded Argentine field, ducks swim where soy should sprout+1.9%