Argentina exported a record 1.26 million tons of sunflower meal from January to October 2025, the highest on record. Soybean meal exports fell 10.3% over April-October, and soybean meal FOB prices dropped to $281/t in October.
Heavy Argentine sunflower meal supply competes with soybean meal and adds to global protein oversupply. Falling soybean meal prices lower feed costs for buyers.
After 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.
Not enough comparable past events yet for a historical read.
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.