# Brazil’s soymeal export push challenges Argentina’s dominance - Markets - Business Recorder

> 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.

- Date: 2026-06-20 · published 2026-06-20T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/18881-brazil-s-soymeal-export-push-challenges-argentina-s-dominance-markets-business
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 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) | -1.6% | -4.7% |
| SBM | 2021-06-21 | [China's May soybean imports from Brazil surge 82% vs April - Markets - Business Recorder](https://feedsoft.ai/events/46428-china-s-may-soybean-imports-from-brazil-surge-82-vs-april-markets-business.md) | -5.5% | -2.2% |
| SBM | 2023-01-18 | [India’s soymeal exports to jump as drought curbs Argentine supply: industry officials - Markets - Business Recorder](https://feedsoft.ai/events/10664-india-s-soymeal-exports-to-jump-as-drought-curbs-argentine-supply-industry.md) | -3.9% | +3.0% |
| SBM | 2026-04-14 | [China March soybean imports rise 15% y/y, lag expectations amid Brazil checks - Markets - Business Recorder](https://feedsoft.ai/events/14585-china-march-soybean-imports-rise-15-y-y-lag-expectations-amid-brazil-checks.md) | -1.7% | +1.0% |
| 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% |
| 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 | 2021-06-21 | [China's May soybean imports from Brazil surge 82% vs April - Markets - Business Recorder](https://feedsoft.ai/events/46428-china-s-may-soybean-imports-from-brazil-surge-82-vs-april-markets-business.md) | -4.7% | +2.3% |
| SOY | 2026-04-14 | [China March soybean imports rise 15% y/y, lag expectations amid Brazil checks - Markets - Business Recorder](https://feedsoft.ai/events/14585-china-march-soybean-imports-rise-15-y-y-lag-expectations-amid-brazil-checks.md) | +0.3% | +3.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40426565

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