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Argentina's soybean crush in calendar 2021 reached 42.4 million tonnes, the highest since 2016 and 17.7% above 2020. December 2021 crush was 2.95 million tonnes.
Argentina remains the main exporter of soybean meal and oil.
Strong crush adds meal and oil supply to world markets, which is mildly bearish for meal and oil prices, while the demand for beans supports soybean prices.
bcr.com.arFeb 2, 2022After 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.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
