Brazilian soybean meal export prices diverged from Argentina's, with the Paranagua FOB price at $383.60 per metric ton on September 11. Brazil's port premium over CBOT reached $32 per short ton, the widest favoring Brazil since February, as domestic feed demand and falling Parana River levels supported Brazilian values.
A wider Brazil premium over Argentina shifts export business toward Brazilian ports, and low Parana River levels threaten Argentine loading capacity, supporting global meal prices.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.