# Brazilian soybean meal widens gap to Argentina | S&P Global

> 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.

- Date: 2024-09-12 · published 2024-09-12T12:00:00.000Z
- Category: logistics · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/28390-brazilian-soybean-meal-widens-gap-to-argentina-s-and-p-global
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-01-11 | [Shallow Parana river pressures Argentinian FOB soybean meal, oil basis levels \| S&P Global](https://feedsoft.ai/events/43209-shallow-parana-river-pressures-argentinian-fob-soybean-meal-oil-basis-levels-s.md) | +2.9% | +6.0% |
| SBM | 2022-04-19 | [Argentina port workers to go on strike in the middle of soybean, corn harvest \| S&P Global](https://feedsoft.ai/events/41858-argentina-port-workers-to-go-on-strike-in-the-middle-of-soybean-corn-harvest-s.md) | -3.0% | -11.3% |
| SBM | 2025-03-13 | [Argentine soybean mill workers strike creating unease in global meal market](https://feedsoft.ai/events/13872-argentine-soybean-mill-workers-strike-creating-unease-in-global-meal-market.md) | +1.5% | +1.0% |
| SBM | 2020-03-30 | [Chaos in Argentina: 50% less soybean meal is currently](https://feedsoft.ai/events/54215-chaos-in-argentina-50-less-soybean-meal-is-currently.md) | -6.2% | -11.7% |
| SBM | 2021-08-19 | [Argentinian soy meal market surges on demand, slow farmer selling \| S&P Global](https://feedsoft.ai/events/45644-argentinian-soy-meal-market-surges-on-demand-slow-farmer-selling-s-and-p-global.md) | -1.4% | -4.3% |
| SOY | 2022-04-19 | [Argentina port workers to go on strike in the middle of soybean, corn harvest \| S&P Global](https://feedsoft.ai/events/41858-argentina-port-workers-to-go-on-strike-in-the-middle-of-soybean-corn-harvest-s.md) | -0.7% | -3.4% |
| SOY | 2025-03-13 | [Argentine soybean mill workers strike creating unease in global meal market](https://feedsoft.ai/events/13872-argentine-soybean-mill-workers-strike-creating-unease-in-global-meal-market.md) | +2.1% | +2.6% |
| SOY | 2020-03-30 | [Chaos in Argentina: 50% less soybean meal is currently](https://feedsoft.ai/events/54215-chaos-in-argentina-50-less-soybean-meal-is-currently.md) | -3.1% | -6.0% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/091224-brazilian-soybean-meal-widens-gap-to-argentina

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