# Prices for soybean meal in Argentina for the first time in two years fell below the stock exchange in Chicago

> Argentine soybean meal export prices fell below CBOT futures for the first time in two years as the new soybean harvest arrived and demand slowed. Argentina's 2023/24 soybean crop is put at 50.5 million tons, nearly double the prior season, with crush expected to rise 40%.

- Date: 2024-07-02 · published 2024-07-02T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/29399-prices-for-soybean-meal-in-argentina-for-the-first-time-in-two-years-fell-below
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Heavier Argentine crush and cheaper export meal increase global meal supply, pressuring soymeal prices and pushing buyers toward cheaper origins.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-07-08 | [Bunge charters first Argentine soy meal cargo to China](https://feedsoft.ai/events/14650-bunge-charters-first-argentine-soy-meal-cargo-to-china.md) | -1.1% | +2.5% |
| SBM | 2026-06-08 | [China soybean meal prices hit multi-year lows](https://feedsoft.ai/events/5194-china-soybean-meal-prices-hit-multi-year-lows.md) | -4.9% | -1.6% |
| SBM | 2025-10-20 | [China imports no US soybeans in September for first time in seven years \| Reuters](https://feedsoft.ai/events/14630-china-imports-no-us-soybeans-in-september-for-first-time-in-seven-years-reuters.md) | +4.3% | +15.7% |
| SBM | 2025-12-29 | [Argentina's Sunflower Meal Exports Hit Century-High Amidst Soybean Meal Market Challenges \| Tridge Insights](https://feedsoft.ai/events/21628-argentina-s-sunflower-meal-exports-hit-century-high-amidst-soybean-meal-market.md) | -2.3% | -2.0% |
| SBM | 2026-01-09 | [The Farmer's Exchange Online Report Shows Changes in China's Soybean Reliance](https://feedsoft.ai/events/21052-the-farmer-s-exchange-online-report-shows-changes-in-china-s-soybean-reliance.md) | -3.0% | +0.8% |
| SOY | 2026-06-08 | [China soybean meal prices hit multi-year lows](https://feedsoft.ai/events/5194-china-soybean-meal-prices-hit-multi-year-lows.md) | -0.7% | +6.7% |
| SOY | 2025-10-20 | [China imports no US soybeans in September for first time in seven years \| Reuters](https://feedsoft.ai/events/14630-china-imports-no-us-soybeans-in-september-for-first-time-in-seven-years-reuters.md) | +2.2% | +9.1% |
| SOY | 2026-01-09 | [The Farmer's Exchange Online Report Shows Changes in China's Soybean Reliance](https://feedsoft.ai/events/21052-the-farmer-s-exchange-online-report-shows-changes-in-china-s-soybean-reliance.md) | +0.6% | +6.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/prices-for-soybean-meal-in-argentina-for-the-first-time-in-two-years-fell-below-the-stock-exchange-in-chicago/

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