# Brazil's soybean meal prices lag behind Argentina's

> Brazilian soybean meal prices fell below Argentina's for the first time in a month, with the FOB Paranagua December price at $363.32/mt. Softer domestic demand and well-stocked local feeders drove the decline. Strong crush volumes also pressured export prices.

- Date: 2024-10-22 · published 2024-10-22T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/27986-brazil-s-soybean-meal-prices-lag-behind-argentina-s
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Brazil normally commands a premium, so the discount signals weaker Brazilian export demand and pressure on meal prices. Year-to-date prices are about 20% below 2023.

## Read by commodity

- SBM: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/102224-brazils-soybean-meal-prices-lag-behind-argentinas

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