# Brazil Breaks Soybean Export Record and Displaces Argentina in the Global Soybean Meal Market - farmdoc daily

> Brazil harvested nearly 160 million tonnes of soybeans and exported a record 72.47 million tonnes in the first seven months of 2023, up 20% year on year. Argentina, hit by a roughly 50% drought-driven crop decline, bought Brazilian beans and ceded its top soybean meal export position to Brazil.

- Date: 2023-09-07 · published 2023-09-07T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/14814-brazil-breaks-soybean-export-record-and-displaces-argentina-in-the-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Brazil's record export pace and meal leadership add competitive supply to global soybean and meal markets, pressuring US export prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-06-20 | [Brazil’s soymeal export push challenges Argentina’s dominance - Markets - Business Recorder](https://feedsoft.ai/events/18881-brazil-s-soymeal-export-push-challenges-argentina-s-dominance-markets-business.md) | +0.3% | +9.2% |
| SOY | 2024-02-20 | [The United States, Brazil, and China Soybean Triangle: A 20-Year Analysis - farmdoc daily](https://feedsoft.ai/events/14776-the-united-states-brazil-and-china-soybean-triangle-a-20-year-analysis-farmdoc.md) | -3.1% | +1.3% |
| SOY | 2020-03-03 | [Brazil's soybeans sales to China and soy-meal exports to the EU remain very strong — MercoPress](https://feedsoft.ai/events/54191-brazil-s-soybeans-sales-to-china-and-soy-meal-exports-to-the-eu-remain-very.md) | -3.0% | -0.9% |
| SOY | 2022-09-20 | [China’s soybean imports from Brazil plunge in August - Markets - Business Recorder](https://feedsoft.ai/events/14901-china-s-soybean-imports-from-brazil-plunge-in-august-markets-business-recorder.md) | -3.4% | -5.2% |
| SOY | 2019-08-21 | [Argentina farmer soybean, corn sales for export more than double as peso falls - Benison Media](https://feedsoft.ai/events/57425-argentina-farmer-soybean-corn-sales-for-export-more-than-double-as-peso-falls.md) | -1.1% | +3.9% |
| SBM | 2026-02-09 | [INFOGRAPHIC: Brazil soybean meal exports reach record in 2025 amid growing EU demand, low prices \| S&P Global](https://feedsoft.ai/events/20691-infographic-brazil-soybean-meal-exports-reach-record-in-2025-amid-growing-eu.md) | +1.6% | +6.0% |
| SBM | 2026-06-20 | [Brazil’s soymeal export push challenges Argentina’s dominance - Markets - Business Recorder](https://feedsoft.ai/events/18881-brazil-s-soymeal-export-push-challenges-argentina-s-dominance-markets-business.md) | +1.2% | +5.7% |
| SBM | 2024-08-28 | [Argentina Reclaims Top Spot in Global Soybean Meal Market After Overcoming 2023 Drought - DatamarNews](https://feedsoft.ai/events/13909-argentina-reclaims-top-spot-in-global-soybean-meal-market-after-overcoming-2023.md) | +0.5% | +2.2% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2023/09/brazil-breaks-soybean-export-record-and-displaces-argentina-as-the-leading-global-exporter-of-soybean-meal.html

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