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Brazil is closing in on Argentina as the top soybean meal exporter, with projected first-half 2026 exports of 12.3 million tonnes versus 13.3 million for Argentina, according to a Rosario exchange report. Brazil's expanding crushing capacity, boosted by biodiesel demand, is adding meal supply, and meal export prices are down about 10% from their May peak.
Growing Brazilian meal supply and falling export prices add bearish pressure on global meal markets and squeeze Argentine processor margins, which could limit support for soybean prices.
brecorder.comReutersJun 20, 2026After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% 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.
